Intel drops 30% on weak guidance and drags chipmakers lower
Intel shares plunged about 30% Friday after the company issued a weaker fourth-quarter outlook. It cited weakness in the PC market and manufacturing bottlenecks. The decline hit other chipmakers: CNN reported a closely watched chip index down 8.2% and Nvidia down 4.8%. CNBC reported Qualcomm falling 11% as concern about the AI trade returned.
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