Intel Stock Plunges 20% on Weak Q4 Guidance and Foundry Losses

Intel's stock plunged over 20% after its Q3 earnings beat expectations but weak Q4 guidance and foundry losses spooked investors. The market reacted negatively despite the double beat. The company reported better-than-expected third-quarter results, but its fourth-quarter forecast fell short, raising concerns about near-term growth. Ongoing losses in its foundry business and a rich valuation added to investor worries. The article notes the author holds a long position in NVDA and AVGO, not Intel, and was not compensated for the piece. No recommendation or investment advice is provided.