Report
Intel stock plunges 30% on weak Q4 guidance, worst day since 1974
Intel shares dropped ~30–31% after Q3 earnings beat in data center revenue ($7.3B, +78% YoY) but issued disappointing Q4 guidance of $15–16B revenue (below $17B consensus) and $0.25 EPS (vs. ~$0.43 expected), citing PC market softness and supply chain issues.
TLDR
The massive single-day decline signals potential cracks in the AI hardware narrative despite strong data center growth and reflects broader market concerns about semiconductor and AI spending returns. Intel's struggles contrast with memory chip strength elsewhere. The drop wiped tens of billions in market value and triggered a broader semiconductor selloff, affecting overall US stock market performance and investor confidence in the AI supercycle narrative.
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