Tag: #shutdown

Corporate Earnings

Intel Shares Plummet Over 20% After Weak Q4 Forecast Cites PC Market Softness and Fab Shutdown

Monday, November 2, 2026 | 00:02

Intel shares plunged more than 20% in extended trading on Thursday after the storied chipmaker issued a disappointing fourth-quarter forecast, pointing to ongoing softness in the global personal computer market and the lingering operational fallout from a fatal industrial accident. The sharp drop in after-hours trading abruptly interrupted a strong run for Intel’s stock, which […]