Intel Slides Despite Strong Quarter as Street Weighs $20 Billion Capex Plan
Intel posted its strongest revenue growth in 15 years, but INTC stock fell as a $20 billion capex plan and negative free cash flow spooked investors.
Intel made more money than it has in years, but the stock went down because the company plans to spend a huge $20 billion on new factories, which means less cash in their pocket right now. When a company spends big money on the future, investors sometimes worry about the short-term pain, even if the growth is real.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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