Intel stock falls about 28%, erasing $12 billion from the government’s stake
🤖 AI-generated content — The title and summary were produced automatically by artificial intelligence, without human editorial review.
Intel shares plunged about 28% on Friday after a weaker fourth-quarter outlook, with CNBC reporting a $12 billion drop in the value of the government’s holdings; the Trump administration bought a 10% stake over a year ago. Intel guided Q4 revenue at $15 billion to $16 billion versus analyst expectations near $17 billion, gross margin down to 37% from 43%, and no positive cash flow amid heavy investment. Nvidia, which took a large Intel stake in 2025, also fell slightly; Intel blamed PC slowdowns as AI demand strains memory and raises PC prices.
Continue in the app — vote & join in ➔Source: TechCrunch · via ahirlevel.hu