Intel CEO Pat Gelsinger stated that the market's reaction to the Q1 forecast is overstated, emphasizing the positive momentum in the foundry business. This comes after INTC shares dropped following a tepid outlook in their latest earnings. Gelsinger addressed concerns about the stock price sell-off, describing it as an overreaction.
Intel CEO on stock price sell-off after earnings: it's an overreaction https://t.co/zrS1chXEgX by @BrianSozzi
INTC ceo: SAYS MARKET REACTION TO Q1 FORECAST IS `OVERSTATED' translation: 'we don't know what we are doing and cannot understand why NVDA and AMD are kicking our ass. but please don't sell our stock, we haven't sold ours in front of you yet'
$INTC shares drop after a tepid outlook in their latest earnings. CEO @PGelsinger says it's "a bit of an overreaction." He sits down with @BrianSozzi to discuss: https://t.co/KWvMrZzbMb
*INTEL CEO SAYS MARKET REACTION TO Q1 FORECAST IS `OVERSTATED'
$INTC | Intel CEO: Market Reaction To Q1 Forecast Is ‘Overstated’ - BBG TV - Foundry Business Has ‘Good Momentum’
🔴 INTEL CEO: MARKET REACTION TO Q1 FORECAST IS OVERSTATED.