Intel (INTC) -2.3% premarket after issuing downside guidance for Q3, lowering projected revenues ~7% to $12.9B-$13.5B from $13.8B-$14.8B due to "weaker than expected demand in a challenging macroeconomic environment." INTC sees customers reducing supply chain inventory, softness in the enterprise PC market segment, and slowing emerging market demand.
Intel (INTC)has resistance level is $24 & $25 and support level is $22.
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