Tag: shares drop
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Intel shares drop 14% on Israel factory blast, PC weakness
Oct 29 : Intel shares plunged 14 per cent on Thursday after the chipmaker said a deadly explosion at its Israel factory would erase roughly $600 million in revenue over two quarters, with the full financial fallout still uncertain.The US chipmaker also warned of flagging PC revenue through the first half of
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UK online retailer ASOS shares drop on reports of cybersecurity breach
Oct 6 : Shares in ASOS dropped more than 11 per cent on Tuesday after media reports said customers of the British online fashion retailer received push notifications saying the company was hacked.Reuters could not immediately verify the reports. An ASOS spokesperson said it was aware of the reports but did n
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UK online retailer ASOS shares drop on hack reports
Oct 6 : Shares in ASOS dropped more than 11 per cent on Tuesday after media reports said its customers were sent push notifications saying the British online fashion retailer was hacked.Reuters could not immediately verify the reports.An ASOS spokesperson said it was aware of the reports but did not co
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Cerebras shares drop on earnings debut, with margins below AI chip rivals
June 23 : Cerebras Systems on Tuesday forecast 2026 revenue that beat Wall Street estimates, but shares sank as the company’s gross margin forecast confirmed it will be an uphill battle to challenge AI chip leader Nvidia in key markets.Cerebras shares fell 7.8 per cent in extended trading.Cerebras, wh
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