Intel stock plunges 30% as weak PC demand and AI costs trigger global chip selloff

Intel shares plunged 30% after the chipmaker issued a weak revenue outlook, sending the stock sharply lower.

Weak outlook weighs on Intel stock

The steep decline reflects investor concern about Intel's expected revenue performance. The company’s outlook became the central market development cited in the selloff.

A 30% move in a major chipmaker’s shares represents a significant setback for the business and its investors. It also places added focus on Intel’s ability to improve its revenue outlook in the period ahead.

What happens next

With limited additional information available, the immediate focus remains on Intel’s financial performance and whether future updates provide greater confidence in its revenue prospects.

For now, the weak outlook has triggered a sharp repricing of Intel shares.