Intel 'stumbled,' CEO says; shares drop 9.5% as loss forecast


FILE PHOTO The Intel Corporation logo is seen at a temporary office during the World Economic Forum 2022 WEF in the Alpine resort of Davos Switzerland May 25 2022. REUTERSArnd Wiegmann

FILE PHOTO: The Intel Corporation logo is seen at a temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. REUTERS/Arnd Wiegmann

(Reuters) - Intel Corp said on Thursday it expects to lose money in the current quarter, surprising investors with a bleaker-than-expected outlook for both the PC market and slowing growth in its key data center division.

The company's shares fell 9.5% in trading after the bell.

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