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Intel Shares Plunge 20% on AI Business Concerns

Original: intel

Intel's stock fell roughly 20% after the company indicated that the artificial intelligence boom is hurting parts of its business, according to a New York Times report. The sharp drop is drawing wide attention, with the story trending in Spain, Italy and Japan as investors weigh Intel's position in the AI-driven semiconductor market.

Why now: The steep share decline highlights investor fears that Intel is losing ground in the AI chip race.

IntelNew York Times

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