Topline
Intel’s stock plummeted by more than 15% Friday morning in its largest intraday decline in years, after the chipmaker signaled its manufacturing would be unable to meet full demand despite the firm’s latest earnings beating Wall Street’s expectations.
Intel’s stock has more than doubled over the last year with investments from the Trump administration, SoftBank and Nvidia.
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Key Facts
Shares of Intel plunged 15.7% to around $46.25 shortly after trading opened Friday, pacing the stock’s largest intraday decline since July 2020.
This is a developing story.