<div id="readability-page-1">06:41 AM EST, 01/23/2026 (MT Newswires) -- European bourses tracked modestly lower midday Friday, with tech shares easing after a profit-warning from US chip giant Intel (INTC).Intel late Thursday reported Q3 earnings that topped expectations but warned Q1 earnings would lag on production constraints and inability to meet demand.Oil stocks led gains on continental trading floors, while food shares joined the tech sector in lagging.Investors also eyed Wall Street futures flashing red, but largely higher closes overnight on Asian exchanges, on prospects for central bank moderation or easing in Tokyo and Beijing.In economic news, the flash Eurozone composite purchasing manager index (PMI), a combination of the continent's manufacturing and services sectors, logged at 51.5 in January, unchanged from December, but still striking above the 50-mark that separates growth from contraction, reported S&amp;P Global.The pan-continental Stoxx Europe 600 Index was off 0.2% mid-session.The Stoxx Europe 600 Technology Index was down 0.8%, and the Stoxx 600 Banks Index lost 0.5%.The Stoxx Europe 600 Oil and Gas Index rose 1.5%, while the Stoxx 600 Europe Food and Beverage Index declined 0.8%.The REITE, a European REIT index, was steady, while the Stoxx Europe 600 Retail Index was down 0.2%.On the national market indexes, Germany's DAX was flat, and the FTSE 100 in London gained 0.1%. The CAC 40 in Paris was down 0.4%, and Spain's IBEX 35 eased 0.4%.Yields on benchmark 10-year German bonds were higher, near 2.90%.Front-month North Sea Brent crude-oil futures were up 1.6% at $65.10 a barrel.The Euro Stoxx 50 volatility index was up 2.6% at 17.62, indicating below-average volatility for European stock markets in the next 30 days, a positive signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

On October 26th, after the U.S. stock market closed, chip giant Intel released its Q3 2023 financial report. The report showed that Intel's total revenue in the third quarter fell 8% year-on-year to $14.16 billion, marking the seventh consecutive quarter of declining sales, although it was still higher than the market expectation of $13.53 billion. In the second quarter, revenue had previously dropped 15% year-on-year, and the company expects revenue to return to growth in the fourth quarter. However, the sales of the Network and Edge Group (NEX), which includes IoT and other segments, fell 32% year-on-year to $1.5 billion. More importantly, the server chip division, named "Data Center and Artificial Intelligence," has yet to recover growth, with third-quarter revenue declining 10% year-on-year to $3.8 billion. Facing multiple competitive pressures, do you think Intel can turn the tide in the AI era?

On October 26th, after the U.S. stock market closed, chip giant Intel released its Q3 2023 financial report. The report showed that Intel's total revenue in the third quarter fell 8% year-on-year to $14.16 billion, marking the seventh consecutive quarter of declining sales, although it was still higher than the market expectation of $13.53 billion. In the second quarter, revenue had previously dropped 15% year-on-year, and the company expects revenue to return to growth in the fourth quarter. However, the sales of the Network and Edge Group (NEX), which includes IoT and other segments, fell 32% year-on-year to $1.5 billion. More importantly, the server chip division, named "Data Center and Artificial Intelligence," has yet to recover growth, with third-quarter revenue declining 10% year-on-year to $3.8 billion. Facing multiple competitive pressures, do you think Intel can turn the tide in the AI era?

In the AI era, can Intel win a comeback?

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INTC

European bourses dipped midday Friday, influenced by a profit warning from Intel, despite the company reporting strong Q3 earnings. The Stoxx Europe 600 Index fell 0.2%, with tech shares down 0.8%. Oil stocks gained 1.5%, while food shares lagged. The Eurozone composite PMI remained steady at 51.5, indicating growth. National indexes showed mixed results, with Germany's DAX flat and London's FTSE 100 up 0.1%. Brent crude oil futures rose 1.6% to $65.10 a barrel. The Euro Stoxx 50 volatility index increased, suggesting below-average market volatility ahead.

- European stock markets showed modest declines, influenced by a profit warning from Intel, despite the company's Q3 earnings surpassing expectations.  
- The Eurozone composite PMI remained stable at 51.5 in January, indicating ongoing growth, while oil stocks experienced gains, contrasting with losses in tech and food sectors.  
- The Stoxx Europe 600 Index fell 0.2%, with varying performances across national indexes, while Brent crude oil futures increased to $65.10 per barrel.

Intel, Tech Outlook Undercut European Bourses Midday