Comment by tavavex

Seems that most articles agree that if you look at just the fundamentals, the only thing that was bad that Intel reported was that they're promising less profit next quarter than expected. Despite their server division booming, the PC crisis is holding them back a bit. But I don't know if this is a reason why it would drop this much, maybe companies are using this to price in them vastly overestimating Intel earlier this year or fears about the future of its AI division.