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
OAKLAND, Calif/BANGALORE (Reuters) -Microprocessor giant Intel Corp says it will regain its footing against AMD and other chip rivals which are gobbling up market share, but Wall Street is skeptical.
The company shocked the market on Thursday with a revenue outlook that was short of Wall Street estimates by about $3 billion. The challenge from Advanced Micro Devices Inc is playing out as tech spending slumps globally, complicating Intel's efforts to clear a record inventory glut.
