Intel Craters 29% on Weak Q4 Guide as AI-Spending Doubts Sink Nasdaq 2.86%
INTC sits 97% above its 52-week low of $32.89 on elevated volume (4.2× avg).
Summary
Intel's third-quarter results beat estimates, but the fourth-quarter guide did the damage: adjusted EPS of $0.25 versus $0.43 expected and revenue of $15B-$16B versus $17.1B consensus. The stock fell 28.58%, its worst single day since 1974, and the miss is the trigger for a broader AI-capex reckoning rather than an isolated Intel problem. The Philadelphia Semiconductor Index dropped 7.20%, its steepest decline since June 23, with AMD down 10.88% and Nvidia off 4.22%. The Nasdaq Composite closed down 747.73 points, or 2.86%, at 25,437.00, after being down nearly 3.3% intraday; the S&P 500 fell 1.82% and the Dow 1.09%. The selloff is not purely about chips — a Binance hack hit crypto-linked names (Coinbase -10.62%, Robinhood -7.21%) and Bitcoin traded below $77,000, while Brent settled up 2.40% at $117.64 on Middle East supply risk, adding to the risk-off tone. The core question now is whether data-center and semiconductor spending converts into profit; Intel's guide is the first hard evidence that it may not, at least on the timeline investors assumed.
At the time of this announcement, INTC was trading at $64.89 on NASDAQ in the Technology sector, with a market capitalization of approximately $347.6B. The 52-week trading range was $32.89 to $142.35. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Bloomingbit.