Intel Crashes 29% Despite Beating Earnings. Wall Street Is Terrified of What's Coming Next

Intel $INTC reportedly suffered its worst single-day percentage decline in more than 50 years, plunging nearly 29% on Friday despite beating earnings expectations.
The selloff reportedly erased almost $140 billion in market value, exceeding the company's historic 26% decline in August 2024.
The problem was not its latest earnings performance. Intel's data center and AI revenue reportedly increased 78% year over year.
Instead, investors focused on management's disappointing fourth-quarter guidance.
Intel projected revenue of $15 billion to $16 billion, significantly below Wall Street's approximately $17.1 billion expectation.
The company cited weakening PC demand associated with memory chip prices and shortages, alongside disruption at its manufacturing facility in Israel.
Shares are reportedly around 54% below their June peak.
The reaction illustrates how quickly investors can punish semiconductor companies when future expectations deteriorate, even after strong reported results.