GgoogleJP first seen 7 d ago, last 7 d ago, peak #6

Intel Shares Plunge on Weak Outlook

Original: intel

Intel's stock dropped sharply after the company issued a disappointing outlook, citing a slump in personal computer demand and supply chain problems. The guidance, reported by Bloomberg, rattled investors and put the chipmaker's recovery plans back in question, with analysts weighing how long the PC downturn and manufacturing snags will weigh on its business.

Why now: Intel's sudden share decline after a weak forecast is a major development for markets and the semiconductor industry.

IntelBloomberg

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Evidence

• Intel stock plunges 21% as chipmaker blames PC slowdown for weak guidance · CNBC
• Intel Plunges After PC Slump and Supply Snags Hurt Outlook · Bloomberg

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