Intel shares post worst daily crash in 50 years as weak forecast outweighs AI chip demand
AI summary
Intel beat third-quarter earnings expectations but warned of a prolonged PC slump, sending its shares to their worst daily decline in 50 years. The weak forecast overshadowed demand for AI chips. Traders in crypto and tech-adjacent assets will watch whether the selloff spreads to broader risk sentiment, though the story has no direct crypto exposure.
