In brief

• Intel shares fell 29% on Friday, wiping out more than $100 billion in market capitalization.

• The chipmaker gives Q4 revenue guidance that is approximately $1.57 billion below Wall Street’s estimate.

• The AI hype driving Intel’s servers is also causing problems in its PC business.

Read the original story, “Intel’s AI business grows by 78%: Why is the stock still down 30%?”, by Lockridge Okoth: nl.beincrypto.com