Browsing: Intel
Shares of computer processor maker Intel (NASDAQ:INTC) fell 28.9% in the morning session after the company issued a downbeat fourth-quarter profit outlook and warned of persistent weakness in the personal computer market.
US stock market today: US stocks fell for the second day in a row on Friday, October 30, as investors worried about the health of the AI trade. At 10:58 AM ET, the Dow Jones was at 52,113.50, down 229.06 points or 0.44%. The S&P 500 was at 7,621.06, down 99.33 points or 1.29%. The…
Intel(INTC-28.58%), one of the world’s largest semiconductor manufacturers, saw its shares plunge 28.58% Friday, closing at $65.76 in one of the company’s steepest single-day declines in decades. The sell-off came despite Intel beating quarterly earnings expectations, as investors focused on a less encouraging outlook and growing questions about the company’s turnaround.