Intel stock price tumbles 17% after earnings outlook rattles traders — what to watch next
Intel shares fell 17% to $45.07 after warning of tight server chip supply and forecasting flat first-quarter earnings. Fourth-quarter revenue dropped 4% to $13.7 billion, with a 12-cent per-share loss on a GAAP basis. Management cited depleted inventory and rising component costs. Nvidia and AMD gained in the session.