Intel Stock Eyes One of Its Worst Days Since 1974: 'Houston, We Have a Problem,' Analyst Says
Intel stock sank 26% premarket after weak guidance. Cantor Fitzgerald cut its target to $90, citing memory, wafer and substrate shortages.
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Why It Matters
Intel's stock dropped a huge amount because the company said business will be weaker. When a big company warns about troubles, it can mean fewer computers and gadgets for everyone soon.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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