Intel Corporation Lowers Long-Term Data Center Growth Forecast

After missing this target many times over the last several years — as Bernstein Research’s Stacy Rasgon pointed out in a recent note to clients, Intel only met or exceeded the 15% goal once in the last six years — Intel finally took down its long-term growth target at its Feb. 9 investor meeting. Let’s go over the company’s new financial targets, and look at the company’s rationale for bringing them down.