Intel has worst day on Wall Street in 50 years, falls to lowest price in over a decade
Publishing timestamp: 2024-08-02 08:38:13
Summary
Intel shares plummeted after reporting a big earnings miss and announcing massive layoffs, leading to a 26% drop in stock price. The company's market cap is now below $100 billion. The global semiconductor sector was also affected, with Asian and European chip firms closing lower. Nvidia is reportedly under a U.S. Department of Justice antitrust investigation.
Sentiment: NEGATIVE
Tickers: NVDA, 2330-TW, AMD, ASML-NL, QCOM, IFX-DE, INTC, 4AIM-IT,
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