Intel Stock Slides Despite Earnings Beat
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Intel Stock Falls
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Intel Corp.’s stock slide is delivering a reality check to President Donald Trump’s vision for quickly reviving domestic chip manufacturing led by an American champion, four months after the US moved to acquire as much as a 10% stake in the company.
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Why Intel Stock Crashed Today
Investors are taking profits after the popular tech stock's recent run-up.
Intel is on pace for its worst selloff in nearly 18 months. The stock’s recent run had put the struggling chip maker in a difficult position. Intel was down nearly 17% Friday. The selloff came after t
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Intel shares tumbled Friday after the chipmaker's outlook disappointed, erasing much of the stock's gains over the past few weeks. Wall Street analysts suggested some of the investor enthusiasm behind the stock's recent rally may have been premature.
Intel’s stock is headed for its worst drop in a year and a half as earnings commentary fails to meet investors’ lofty expectations.
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