Economic TimesLean R·
Intel stock crashes 29%, worst day since 1974
Intel shares (NASDAQ: INTC) fell about 29 per cent on Friday, October 30, one of the steepest single-day drops in the company’s history. The fall is set to wipe out roughly $137 billion to $140 billion of its market value, depending on the report. It came a day after Intel gave a revenue forecast that was well below what Wall Street expected.Why Intel stock is falling todayOn Thursday, Intel said its revenue for the December quarter would be between $15 billion and $16 billion. Analysts had exp…
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