Intel stock to plunge 25% after missing earnings forecasts by $3 billion

independent.co.uk —

Intel's stock is set to plunge 25% when US markets open Friday, erasing $121.7 billion (£90.6bn) in market value after the company missed fourth-quarter earnings forecasts by up to $3 billion. The shortfall stems from higher memory chip costs, slowing PC sales, and supply chain shortages. Adjusted profit per share will be roughly 40% lower than expected, with CEO Lip-Bu Tan warning 2027 will be "a very severe issue" due to rising component costs. The drop follows Alphabet's historic 14% share decline Thursday, fueled by AI spending concerns and weaker search income. The Nasdaq 100 fell 1.4% Thursday and is set to open 2.4% lower, reflecting broad investor caution across the tech sector.


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