Intel stock plunges 20% as chipmaker blames PC slowdown for weak guidance

Intel's stock declined 20 percent following the company's announcement of weak forward guidance attributed to weakness in the personal computer market. The chipmaker cited reduced PC demand as a primary factor in its outlook. Intel had previously gained investor interest based on its expansion into artificial intelligence chip production.

• CNBC — Intel stock plunges 20% as chipmaker blames PC slowdown for weak guidance

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