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Intel Has a Massive Warning for AMD Stock Investors. Is It Time to Book Profits Before Nov. 3?

Intel shares plunged up to 30 percent in premarket trading after releasing a weak fourth-quarter revenue forecast of $15 billion to $16 billion against an expected $17.1 billion, sparking a wider market sell-off. The grim outlook, driven by projected softness in the personal computer market and rising artificial intelligence investment costs, dragged down rival Advanced Micro Devices shares by more than 8 percent to 13 percent. NVIDIA also slid 7 percent amid broader sector pressures, even as Advanced Micro Devices reported the most profitable quarter in its history.

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  • ✓ Intel shares plunged between 25 percent and nearly 30 percent in premarket trading following its earnings release.
  • ✓ Intel issued a weak fourth-quarter revenue guide of $15 billion to $16 billion compared to $17.1 billion expected by analysts.
  • ✓ Intel's market drop shaved the United States government's equity stake by about $10 billion.
  • ✓ Advanced Micro Devices shares dropped more than 8 percent following Intel's warning of softness in the personal computer market.
🛡️ Source Corroboration: 15 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

Intel posted weak quarterly results and a conservative forecast that dragged down chip sector valuations across Advanced Micro Devices and NVIDIA.

Live updates

  1. Intel Earnings Rout and PC Warning Slams Chip Stocks Ahead of Earnings

    Intel shares plunged up to 30 percent in premarket trading after releasing a weak fourth-quarter revenue forecast of $15 billion to $16 billion against an expected $17.1 billion, sparking a wider market sell-off. The grim outlook, driven by projected softness in the personal computer market and rising artificial intelligence investment costs, dragged down rival Advanced Micro Devices shares by more than 8 percent to 13 percent. NVIDIA also slid 7 percent amid broader sector pressures, even as Advanced Micro Devices reported the most profitable quarter in its history.

    Why it matters

    The sharp market correction underscores investor sensitivity to hardware spending trends, particularly as companies face mounting costs tied to artificial intelligence infrastructure. Intel's drop erased about $10 billion from the United States government's equity stake, though that holding remains up three times since last August. The rout preceded Advanced Micro Devices' quarterly earnings report on Tuesday.

    What is confirmed

    • Intel shares plunged between 25 percent and nearly 30 percent in premarket trading following its earnings release.
    • Intel issued a weak fourth-quarter revenue guide of $15 billion to $16 billion compared to $17.1 billion expected by analysts.
    • Intel's market drop shaved the United States government's equity stake by about $10 billion.
    • Advanced Micro Devices shares dropped more than 8 percent following Intel's warning of softness in the personal computer market.

    Still unconfirmed

    • Traders are questioning whether Washington can slow the artificial intelligence buildout behind Advanced Micro Devices' forecast following election results.

    What to watch next

    • Advanced Micro Devices quarterly financial results and management commentary on artificial intelligence demand
    • Broader regulatory developments concerning artificial intelligence infrastructure spending
    Sources used for this update (18)
    1. CNBC — Amazon falls 7%, Intel plunges 25% in premarket trading, as pressure mounts after earnings
    2. Yahoo Finance — Intel’s drop on Friday shaves the US government’s equity stake by about $10 billion. It’s still up 3x since last August.
    3. The Motley Fool — Intel Has a Massive Warning for AMD Stock Investors. Is It Time to Book Profits Before Nov. 3?
    4. OregonLive.com — Intel stock plummets nearly 30% on chipmaker’s ‘terrible’ outlook
    5. Seeking Alpha — Intel Erupts, And It's About Time (NASDAQ:INTC)
    6. www.fool.com — Intel Has a Massive Warning for AMD Stock Investors. Is It ...
    7. finance.yahoo.com — Intel’s Outlook Spooked Chip Investors – Can AMD Reassure ...
    8. www.ibtimes.com.au — AMD Stock Tumbles 8% as Intel's Grim PC Warning Rattles ...
    9. financefeeds.com — AMD Stock Falls 11.8% to $499.67 Before Nov. 3 Earnings
    10. thenextweb.com — AMD needs a big quarter to escape Intel's fate as AI fears grow
    11. financebuzz.com — AMD Falls as Intel PC Warning Dims Meta AI Deal
    12. 247wallst.com — AMD Tumbles 13%, NVIDIA Slides 7% as AI Regulation Fears Hit Chip Stocks; Intel Sinks 8%
    confidence 95%
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