Intel Stock Plunges 13% on Soft Guidance: What Went Wrong and What Comes Next
Intel had a rough day on Wall Street. Intel stock plunges 13% on soft guidance, with shares of the chipmaking giant plunged around 13% after the company released earnings guidance that disappointed investors. While Intel’s actual earnings numbers weren’t catastrophic, the outlook for the coming quarters raised serious concerns about growth, competition, and the company’s …