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Intel Falls on Earnings, Nvidia Rises, Netflix Slides
Description
On this episode of Stock Movers:
- Intel (INTC) shares sink afterhours after the company gave a lackluster forecast for the current quarter because supply shortages are making it harder to meet customer demand, a disappointment for investors who anticipated more of a boost from new products.First-quarter revenue will be $11.7 billion to $12.7 billion, the company said in a statement Thursday. The midpoint of that range fell short of the $12.6 billion estimated by analysts.
- Nvidia (NVDA) shares ended the day higher after upbeat commentary from the chipmaker CEO Jensen Huang to the World Economic Forum in Switzerland, saying that the global AI buildout will require trillions of dollars of investment.
- Netflix (NFLX) ended the day lower as the streaming company's co-Chief Executive Officer Ted Sarandos is planning to testify in February at a US Senate committee hearing looking into his company’s proposed $82.7 billion purchase of the streaming and studio operations of Warner Bros. Discovery Inc.
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