Intel shares sink more than 15% as PC slowdown stretches into 2027

TradeNews BD multi-market desk (2026-10-29): Semiconductors Intel shares sink more than 15% as PC slowdown stretches into 2027 Weak outlook overshadows 21% revenue growth driven by data centers and AI… Primary source: original at Nikkei Asia (asia.nikkei.com).

October 29, 2026 9:52 PM GMT · Nikkei Asia

Semiconductors Intel shares sink more than 15% as PC slowdown stretches into 2027

Weak outlook overshadows 21% revenue growth driven by data centers and AI

Intel issued weaker-than-expected guidance for the fourth quarter, with revenue expected to be in the range of $15 billion to $16 billion. (Photo by Suzu Takahashi)

PALO ALTO, California -- Shares of U.S. chip giant Intel plunged more than 15% during extended trading Thursday after the company released third-quarter results while cautioning investors the PC market slowdown will continue to weigh on future earnings.