1847 ET - Intel's 2Q outlook is disappointing, CFRA Research analyst Angelo Zino says in a note. But the chip maker's aggressive cost-cutting measures--which include limiting capital expenditures and operational expenses such as marketing and R&D--stole the show during its recent earnings report. "While we applaud the enhanced cost-cutting efforts, share loss is an issue while the planned second-half ramp of Intel 18A will be crucial," he writes. "We think Intel remains in a tough position, as competitive pressures across the PC and server markets only intensify, with the company lacking the proper offerings to successfully compete, in our view." Shares fall 4.7%. (connor.hart@wsj.com)
(END) Dow Jones Newswires
April 24, 2025 18:47 ET (22:47 GMT)
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