Intel is on track to lose $140 billion in market capitalization on Friday after a weak revenue forecast. The company blamed a soft personal-computer market. Its December-quarter outlook sits below analyst expectations.
Intel is on track to lose $140 billion in market capitalization on Friday as a personal-computer slowdown spooks investors. Intel's stock was down 28.46% in the MarketWatch quote.
The chipmaker blamed a weak PC market for a revenue forecast that came in well shy of what analysts expected on Thursday. Its December-quarter outlook calls for $15 billion to $16 billion of revenue, below the $17.1 billion FactSet consensus.
Source: MarketWatch (snippet-based)
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