Intel plunges nearly 30% after weaker-than-expected guidance tied to PC sales; Cramer is furious
FROM THE WIRE · FINANCE.YAHOO.COM
Jim Cramer had high hopes Intel's stock (NASDAQ:INTC) would soar to a new all-time high. Now he's praying for a bounce. In a recent post on X, the Mad Money host admitted that he's "disappointed" and "actually furious" about Intel, as the stock plunged after weaker-than-expected…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA nearly 30% one-day drop in a major chipmaker after weak guidance can weigh on the semiconductor sector and tech indices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Intel fell nearly 30% in about a day after weaker-than-expected guidance tied to personal computer sales.
- 02The stock traded at $65.76 at Friday's close, compared with over $92 earlier in the week.
- 03Jim Cramer said on X that he is 'disappointed' and 'actually furious' about Intel.
- 04Uncle Sam is the top shareholder of Intel, according to the article.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Intel Corp.65.76 USDMarket closedtoday -28.58%Negative Broadcom Inc.326.08 USDMarket closedtoday -5.48%Neutral NASDAQ Composite25,437.00Market closedtoday -2.86%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets