Follow UsIntel Stock Suffers Worst Crash in 50 Years as Weak Forecast Overshadows AI Chip Demand
Bearish-9.28%
30 Oct, 20:53
Source: Decrypt
AI Summary
Intel shares suffered their worst daily decline in 50 years after beating Q3 earnings but warning of a prolonged PC market slump that overshadowed AI chip demand.
Intel beat third-quarter earnings expectations, but warned of a prolonged PC slump, sending shares to their worst daily decline in 50 years.