Intel shares fall sharply after chipmaker cites PC slowdown in weak guidance

Intel stock reportedly plunged about 20% after the chipmaker blamed a PC slowdown for weak guidance, per CNBC. The Financial Times reports a smaller drop of 17%, and Bloomberg cites a weak PC chip market.

Timeline

1. 29 Oct, 20:20 UTCFirst appeared on Google Trends
2. 29 Oct, 20:20 UTCPicked up on News
3. 29 Oct, 20:20 UTCCNBC reports 20% Intel stock plunge
4. 29 Oct, 20:20 UTCFT reports 17% Intel stock fall

Top sources

• intel stockGoogle Trends
• intel stockGoogle Trends
• Intel plunges 20% as weak Q4 forecast overshadows earnings beatYahoo Finance Australia
• Intel shares drop 14% on Israel factory blast, PC weaknessReuters
• Intel stock falls 17% as it forecasts weaker chip salesFinancial Times