TechThe Information1h ago
Intel Shares Drop More Than 20%
Intel Shares Drop More Than 20% After Weak Sales Forecast
TL;DRIntel's stock plunged 23% after warning of declining PC chip demand.
Why it matters: Signals potential slowdown in PC market and raises questions about Intel's competitive position against AMD.
Intel shares dropped more than 23% in extended trading following its third-quarter earnings, as the chipmaker forecast a decline in revenue growth for its current quarter due in part to slowing demand for PCs. The sell-off marks an abrupt change for Intel, whose shares had risen…
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