Intel plunges 29% after fourth-quarter guidance falls well below expectations
FROM THE WIRE · SEEKINGALPHA.COM
[Entrance of The Intel Museum in Silicon Valley.] JHVEPhoto/iStock Editorial via Getty Images Intel Corporation (INTC [https://seekingalpha.com/symbol/INTC]) sank almost 29% on Friday after the semiconductor giant's fourth-quarter guidance came in well below Wall Street…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe plunge of a semiconductor giant dragged down the broader tech sector and chip peers.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Intel shares closed at $65.76, down $26.31 from the prior close.
- 02Volume surged to nearly 399 million shares, more than four times the one-month average.
- 03AMD dropped over 11%, TSM slid over 6% and NVDA fell more than 4%.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Intel Corp.65.76 USDMarket closedtoday -28.58%Negative Advanced Micro Devices, Inc.504.80 USDMarket closedtoday -10.88%Negative NVIDIA Corporation204.64 USDMarket closedtoday -4.22%Negative Taiwan Semiconductor Manufacturing Company Limited406.13 USDMarket closedtoday -5.95%Negative Broadcom Inc.326.08 USDMarket closedtoday -5.48%Negative Invesco QQQ Trust, Series 1690.49 USDMarket closedtoday -3.47%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets