Intel falls 10% after 3rd quarter earnings show server segment unexpectedly shrinks

Amir Cohen/Reuters Intel fell 10% on Friday after it reported third quarter earnings on Thursday that revealed an unexpected drop in its data center segment.The segment had posted strong growth in the first half of 2020, but capacity digestion led to a significant decline in the third quarter, and Intel guided for a continued decline in the fourth quarter.Intel's third quarter revenue beat estimates, its profit met expectations, and it raised its...