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Intel Stock Drops After Q2 Earnings Report

Stock Price Down 17%

Is It a Buy Right Now?

Intel stock (INTC) dropped 17% after the company reported its second-quarter earnings. The stock price is now down 50% from its all-time high. Investors are concerned about Intel's declining market share in the PC market and its slow progress in the mobile market.

Intel's Q2 revenue was $15.3 billion, down 2% from the same quarter last year. Net income was $5.1 billion, down 19% from the same quarter last year. The company's gross margin was 56.5%, down from 61.5% in the same quarter last year.

Intel's PC business continues to decline. Revenue from the company's Client Computing Group, which includes PCs, was $9.6 billion, down 5% from the same quarter last year. Intel's market share in the PC market has been declining for several years, as consumers increasingly switch to mobile devices.

Intel's mobile business is also struggling. Revenue from the company's Mobile and Communications Group, which includes smartphones and tablets, was $2.8 billion, down 13% from the same quarter last year. Intel has been slow to develop competitive mobile chips, and it has lost market share to Qualcomm and other competitors.

Despite the challenges facing the company, some analysts believe that Intel stock is a buy. They argue that the company's core PC business is still strong, and that it has the potential to grow its mobile business in the future.

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