Intel Shares Drop More Than 20% After Weak Sales Forecast

T1Covered by 1 source · first reported by The Information (teasers) at 29 Oct, 23:56 UTC

Intel shares dropped more than 23% in extended trading following its third-quarter earnings, as the chipmaker forecast a decline in revenue growth for its current quarter due in part to slowing demand for PCs. The sell-off marks an abrupt change for Intel, whose shares had risen more than 130% ...

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• T1Intel Shares Drop More Than 20% After Weak Sales ForecastThe Information (teasers)29 Oct, 23:56