00:00It's Benzinga bringing Wall Street to Main Street.
00:02Intel reported a wider fourth quarter loss and forecast continued losses as heavy spending
00:07to ramp up new chip production collided with inventory shortages, according to the Wall
00:12Street Journal. Intel posted a $333 million net loss in the fourth quarter, wider than
00:18analysts' expectations, as revenue fell to $13.7 billion from $14.3 billion a year ago.
00:25Data Center sales rose 9% to $4.7 billion. The company projected a first quarter 2026 loss
00:33of $0.21 per share and revenue of $11.7 billion to $12.7 billion. Intel said depleted inventory
00:42limited its ability to meet server demand tide to AI infrastructure upgrades. Executives said
00:47a turnaround remains a multi-year effort. Shares fell 17% Friday after the results.
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