Intel shares tumble about 20% after forecasting weaker chip sales and citing PC slowdown
Corroborated by 5 sources from 5 publishers
TL;DR
Intel stock falls 17% as it forecasts weaker chip sales Intel shares plummeted in extended trading on Thursday after the chipmaker issued a weak fourth-quarter forecast, citing continued softness in the global PC market.
Sources
1
Forbes Business
https://www.forbes.com/sites/antoniopequenoiv/2026/10/29/intel-stock-plummets-16-on-weaker-than-expected-sales-forecast
2
Seeking Alpha Market News
https://seekingalpha.com/article/4959752-intel-guidance-disaster-causes-20-percent-plus-price-slump?source=feed_all_articles
3
Dow Jones WSJ
https://www.wsj.com/business/earnings/intel-shares-tumble-on-lower-profit-weak-guidance-a2bdcdd8?mod=rss_Technology
4
Financial Times
https://www.ft.com/content/d7540e89-08db-43d3-92e0-3c15dd3a60cb?syn-25a6b1a6=1
5
CNBC 19854910
https://www.cnbc.com/2026/10/29/intel-intc-q3-earnings-report-2026-.html
6
Financial Times Companies
https://www.ft.com/content/1e319b52-f31f-4dde-90b7-e01e2f199817?syn-25a6b1a6=1