Intel Corp. was downgraded to sector perform from outperform by RBC Capital Markets analyst Doug Freedman, who said the chipmaker’s untapped potential will likely remain that way for a few more years. 252 more words
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A host of U.S. chipmakers gave quarterly revenue forecasts that disappointed Wall Street and hurt their shares on Tuesday, including Broadcom Corp , which said it would lay off over a thousand workers as it struggles with slow demand for its cellphone chips. 665 more words