Intel stock price plunges 17% to $45; what Wall Street watches next week
Intel shares plunged 17.03% to $45.07 Friday after the company forecast weaker-than-expected revenue and warned of chip shortages. The drop follows a 47% January rally fueled by AI optimism. Intel expects Q1 revenue of $11.7–$12.7 billion, below analyst estimates, and flagged ongoing supply constraints for server and memory chips.