GoKawiilIntel shares fall 30% in single-day record drop, triggering broad chip sell-off
Intel stock lost 30% of its value on Friday after the company issued a weak financial outlook, including a forecast that sales in its client computing group would drop over 20%. The slide erased nearly $150 billion from Intel's market cap and contributed to roughly $1 trillion wiped off the broader semiconductor sector, as measured by Benzinga's intraday estimates and a 9.14% drop in the PHLX Semiconductor Sector Index.