#intelhasitsworstdaysince1974
The semiconductor giant suffered a historic blow. Intel recorded its worst stock market drop since 1974, plunging 30 percent in a single day and wiping out more than 130 billion dollars in market value.
The reason came in the form of weak forecasts for the fourth quarter. Slowing computer sales, factory delays, and out-of-control costs undermined investor confidence.
Panic gripped the technology sector. The question now is whether this drop is a buying opportunity or the start of a much bigger problem for the company.
$INTC
$ESPORTS
$AIN
The semiconductor giant suffered a historic blow. Intel recorded its worst stock market drop since 1974, plunging 30 percent in a single day and wiping out more than 130 billion dollars in market value.
The reason came in the form of weak forecasts for the fourth quarter. Slowing computer sales, factory delays, and out-of-control costs undermined investor confidence.
Panic gripped the technology sector. The question now is whether this drop is a buying opportunity or the start of a much bigger problem for the company.
$INTC
$ESPORTS
$AIN
