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Benzinga
Benzinga
Business
Henry Khederian

Intel Stock Is Sliding Friday: What's Driving The Action?

Intel Corporation INTC Jobs Report Benzinga Edge
Intel

Intel Corp (NASDAQ:INTC) shares are trading lower Friday morning, hit by a combination of recent, disappointing corporate guidance and a surprisingly weak U.S. jobs report that stoked fears of a broader economic slowdown.

What To Know: The primary catalyst for Intel’s recent weakness is the company’s own bleak forecast. Intel last week slashed its full-year outlook, citing weakening PC demand and a slowdown in its crucial data center segment.

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