The sharp decline put Intel on course for its biggest single-day percentage fall and wiped more than $146 billion off its market value, according to Reuters.
Intel shares fell roughly 29% on Friday to $65.76 after the company's fourth-quarter outlook came in well below Wall Street expectations. According to CNBC, it was the stock's worst day since the...
Oddly enough, the quarter itself went well. Intel beat Wall Street's earnings estimates. Its data center revenue jumped nearly 80% from a year earlier to $7.3 billion, too. But its forecast for...
One thing trading has taught me is that just because a stock has fallen sharply doesn’t mean it can’t fall further. I’ve watched prices drop to levels that looked attractive, only to see them...
Intel (INTC) shares plunged more than 20% in extended trading on Thursday, Oct. 29, after the chipmaker issued a disappointing fourth-quarter forecast and warned that a slowdown in the PC market...
Intel shares plunged nearly 27% in premarket trading on Friday, October 30, after the chipmaker warned of weaker demand for personal computers (PCs), rising memory prices and manufacturing...
Intel sank 30% on Friday and was headed for its biggest one-day decline ever, deepening a selloff in tech stocks as weakening PC demand and the soaring costs of the AI boom rattled investors.
Chip stocks plummeted Friday after Intel warned that sluggish personal computer sales would crimp its fourth-quarter results.
A stronger-than-expected third quarter failed to reassure investors, with disappointing revenue guidance, manufacturing constraints and a weakening PC market raising fresh questions about the...
'We see the PC slowdown continuing at least through the first half of next year,' said Intel's CFO.
"The industry continues to navigate one of the most significant supply shortages in history," Intel CEO Lip-Bu Tan said on an earnings call.
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