Intel Corporation (INTC) reported lackluster second-quarter 2024 results owing to soft demand trends and stiff export restrictions to China that led to top-line contraction. Both the top and bottom lines missed the respective Zacks Consensus Estimate. Despite solid traction from its IDM 2.0 (integrated device manufacturing) strategy, margins were significantly affected by an accelerated ramp-up of AI PCs, high operating costs, unfavorable product mix and pricing pressures by rivals. Consequently, management ...