Intel's stock took a hit as the company reported a weaker-than-expected second-quarter forecast due to declining demand for PC chips. The tech giant's shares fell following the announcement, reflecting concerns about the impact of slowing sales in the PC market.
Intel's second-quarter forecast fell short of analysts' expectations, with the company citing lower demand for PC chips as a key factor. The decline in PC chip demand has been attributed to a variety of factors, including a shift towards mobile devices and a slowdown in overall PC sales.
