ChipsTechSpotabout 1 hour ago
Intel stock plunges nearly 30% in worst day
2 min read
Intel shares closed down 29% at $65.76, its worst day since 1974. While data center revenue jumped 80% to $7.3 billion, weak PC shipments and a fab shutdown in Kiryat Gat caused the drop. Analysts downgraded the stock, and the US government lost about $12 billion in paper value on its stake.
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