Friday, 23 January, 2026
Intel Shares Plunge 13% as Weak AI Chip Demand Triggers Revenue Forecast Cut
Intel's stock plummeted 13% following a disappointing quarterly report that revealed struggling demand for its AI chips. The semiconductor giant issued revenue forecasts that fell significantly short of Wall Street expectations, highlighting its uphill battle against dominant rival Nvidia. Despite aggressive turnaround efforts and investments in foundry services, Intel continues to face stiff competition and shifting enterprise spending.
Read full story at Economic Times