GoKawiilIntel shares fall 29% after weak Q4 revenue guidance and PC demand warning
Intel stock dropped nearly 29% to close at $65.76 on Friday, its worst single-day performance since 1974, despite beating Wall Street's earnings estimates for the quarter. The company's fourth-quarter revenue forecast of $15-16 billion fell well short of the $17 billion analysts expected, with Intel citing a projected 12% drop in PC shipments in 2026 due to rising memory prices, plus a fab shutdown in Israel following a fatal explosion.