Intel's Data Center Business Disappoints in Q3

Evan Niu, CFA, The Motley Fool
·3-min read
Intel's Data Center Business Disappoints in Q3
Intel's Data Center Business Disappoints in Q3

Shares of Intel (NASDAQ: INTC) tanked yesterday after the company reported disappointing third-quarter earnings results. Investors were rattled by a 7% drop in Data Center Group (DCG) revenue, one of the company's largest and most profitable businesses. Intel also warned that the challenges will remain next quarter.