Intel stock price tumbles 17% on outlook shock — what to watch before Monday’s open
Intel shares fell 17% to $45.07 after the company forecast first-quarter revenue below Wall Street expectations and reported a 4% year-over-year decline in fourth-quarter revenue. The company cited supply constraints in its AI data center chips and warned supply would be tightest in Q1. Nearly 295 million shares traded. CEO Lip-Bu Tan said Intel cannot fully meet demand in the short term.