In brief

  • Intel shares fell 29% on Friday, wiping out over USD 100 billion in market value

  • The chipmaker forecasts Q4 revenue about USD 1.57 billion below Wall Street estimates

  • The AI boom is driving Intel’s server business but hurting its PC business in the U.S.

Read the original story: Intel's AI business grew 78%, but why did its stock fall 30%? By Lockridge Okoth at th.beincrypto.com