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Tech stocks Intel (NASDAQ: INT) and IBM (NYSE: IBM) reported Q4 financial results on Thursday.

Intel Q4 earnings and revenue beat the Wall Street estimates while IBM posted mixed results.

“Intel is in a strong strategic and financial position as we make this leadership transition and take Intel to the next level.” Intel CEO, Bob Swan said.

Both Intel and IBM shares fell 4% and 7% in extended trading on Thursday.
 
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