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via finance.yahoo.comTech & AI

Intel plunges 28% on weak guidance, dragging chipmakers such as AMD lower

FROM THE WIRE · FINANCE.YAHOO.COM

What Was Behind Intel's Post-EPS Plunge? Last week, Intel (INTC) shares plunged 28% in a single-session after the company reported third-quarter results. In light of the Intel news, fellow chipmakers like Advanced Micro Devices (AMD) were dragged down by investors in…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishIntel's plunge weighs on the semiconductor sector and on expectations for the PC segment.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Intel shares fell 28% in a single session after third-quarter results.
  2. 02Guidance of $15-16 billion fell short of Wall Street's $17.1 billion estimate.
  3. 03Intel's PC segment is suffering from a severe drop in PC sales.
  4. 04AMD was dragged lower in sympathy with Intel.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Intel Corp.INTCStock60.55 USDMarket closedtoday +0.97%Negative Advanced Micro Devices, Inc.AMDStock483.90 USDMarket closedtoday +3.65%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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