Intel Plunges Nearly 30% on ‘Terrible’ Outlook — SkimNews
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- Intel (INTC) stock plummeted nearly 30% after the chipmaker described its outlook as “terrible.”
- Intel was down 25.7% at the open amid a tech selloff in U.S. stocks, while AMD and Broadcom were also falling on Friday.
Why it matters: Intel shareholders absorbed a nearly 30% decline after the chipmaker's “terrible” outlook, with the stock already down 25.7% at the open. AMD and Broadcom also fell Friday, placing the rout within a broader tech selloff rather than an isolated Intel move.
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