Intel shares head for worst single-day drop in over 2 years, down ~29% in premarket

Intel shares plunged about 28-29% in Friday pre-market trading, on course for their worst single-day decline in more than two years, after the company's earnings beat was overshadowed by a weak Q4 outlook. CEO Lip-Bu Tan predicted AI agents could drive the server CPU market beyond $200 billion.

Detected & updated continuously · Source: Nebula