Intel Plunge Leads Chip Selloff as Nvidia Falls Below $5 Trillion

Intel’s 30% drop led a broad chip-stock selloff Friday, pushing Nvidia’s market value below $5 trillion and adding pressure to U.S. equities as investors questioned the payoff from AI spending. Intel fell 30% after the open. The Philadelphia Semiconductor Index dropped 5.7%, while AMD slid about 10%, Arm fell 9.5% and Nvidia lost 3.3%. The Nasdaq 100 fell as much as 3%, and the S&P 500 was down about 1.25% during the session. Intel projected fourth-quarter revenue of $15 billion to $16 billion and adjusted earnings of 25 cents per share.

Source: TokenPost