Intel ($INTCB ) Crashes Nearly 30% in Historic Sell Off
Intel shares plunged nearly 30% on October 30, putting the stock on track for its worst single day decline in history.
What triggered the crash?
1️⃣ Weak Q4 Guidance
Intel forecast Q4 revenue of $15B–$16B, well below Wall Street's expectation of approximately $17B.
2️⃣ PC Market Slowdown
Rising memory prices and weakening PC demand are putting additional pressure on Intel's business.
3️⃣ Manufacturing Disruption
An explosion at its Israeli factory is expected to cause significant revenue losses.
4️⃣ Cash Flow Concerns
#INTCBDrop #INTCBUSDT
Intel shares plunged nearly 30% on October 30, putting the stock on track for its worst single day decline in history.
What triggered the crash?
1️⃣ Weak Q4 Guidance
Intel forecast Q4 revenue of $15B–$16B, well below Wall Street's expectation of approximately $17B.
2️⃣ PC Market Slowdown
Rising memory prices and weakening PC demand are putting additional pressure on Intel's business.
3️⃣ Manufacturing Disruption
An explosion at its Israeli factory is expected to cause significant revenue losses.
4️⃣ Cash Flow Concerns
#INTCBDrop #INTCBUSDT