Intel Crashes 25% As "Surprisingly Severe PC Correction" Shocks Wall Street

Summary

Intel Crashes 25% As "Surprisingly Severe PC Correction" Shocks Wall Street AI infrastructure stocks tumbled in premarket trading in New York after disappointing results from Amazon and Intel. Amazon is down about 7% following Thursday's earnings report , as cash burn surged and weak guidance spooked investors. Shifting focus to Intel, shares are down 25% in premarket trading . If losses carry into the cash session and exceed 26%, the stock could be on track for its worst intraday decline in Bloomberg data going back to 1982. For traders just waking up to the Intel bloodbath on their…

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