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 UTCCNBC reports 20% Intel stock plunge
2. 29 Oct, 20:20 UTCFT reports 17% Intel stock fall
3. 30 Oct, 13:50 UTCFirst appeared on Google Trends
4. 30 Oct, 13:50 UTCPicked up on News

Top sources

• intel stockGoogle Trends
• Intel stock plunges 21% as chipmaker blames PC slowdown for weak guidanceCNBC
• Intel shares fall 22% as weak sales outlook dents turnaroundFinancial Times
• AI pressures mount as Amazon and Intel shares tumbleThe National