Intel stock plunges nearly 29%, its worst day since 1974
Intel’s data center business is booming, but a weak outlook just handed the stock its worst day in more than half a century.
Intel’s data center business is booming, but a weak outlook just handed the stock its worst day in more than half a century.
Key TakeawaysIonQ fell 8% today with no news of its own, alongside D-Wave and Rigetti, as Intel’s and Amazon’s earnings deepened worries about AI spending. Quantum stocks are trading as a leveraged bet on the AI trade, and nothing in either report changes IonQ’s business.
AI budgets face real pressure heading into 2027, but three chipmakers controlling very different choke points in the supply chain may not feel the pain equally. Here is what separates the most resilient semiconductor plays from the one with the most to lose.
Tech stocks across the board fell sharply in overnight trading ahead of Friday.
The "Magnificent Seven" has been crushed on cash flow concerns.