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via finance.yahoo.comTech & AI

Intel's stock crash resembles its 2000 bust

FROM THE WIRE · FINANCE.YAHOO.COM

Intel (INTC) stock's 26-year comeback and subsequent reckoning this year carry an eerie echo of its dot-com days. On Thursday, the chipmaker's stock reached a 58% peak-to-trough decline over 30 trading days from its Sept. 24 close of $127.39. This latest drawdown was sharper…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishIntel shares fell about 58% over 30 sessions, erasing roughly $460 billion in market value.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The stock reached an all-time high of $140.94 in June.
  2. 02The drawdown since the September 24 close of $127.39 was sharper than the 2000 bust.
  3. 03In 2000 the stock fell 53% in 28 days.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Intel Corp.INTCStock52.25 USDMarket closedtoday -10.33%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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