Intel Drops More Than 23% as U.S. Tech Stocks Slide Premarket
Photo: TokenPost
A steep premarket slide in major technology stocks, led by Intel's loss of more than 23% and Amazon's decline of more than 7%, is putting broader risk appetite in focus for crypto traders Friday. Intel shares came under pressure after the company issued fourth-quarter guidance well below market expectations. Other pressures included an explosion at an Israeli factory, weak PC demand and limited AI chip supply. Amazon was down more than 7% after its third-quarter net sales totaled $201.9 billion, short of expectations. Earnings per share were $1.89, a 3% decrease from a year earlier.
Source: TokenPost
