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Intel’s stock lost a significant amount of value after its Q4 2018 earnings announcement on Thursday, though the company rallied a bit on Friday, taking some of the bite out of the hit.
Investors were evidently concerned about the chip manufacturer’s guidance for 2019, despite the extremely strong showing for Intel during full year 2018.
Before we dive into Intel’s numbers, it’s worth noting that this kind of response to quarterly news has become a trend in the past few months.
2018 was a strong year for many tech companies Intel, Nvidia, and AMD all had a very good run and we don’t expect to see Q4 results that shake this much. Investor jitters are linked to a number of factors, including the ongoing US government shutdown and worries over a recession in China.
Concerns about the US-China trade war have also been generally high. Apple’s iPhone slowdown hasn’t helped the general semiconductor market any, either, with TSMC projecting weak demand in H1 2019.