00:00Intel plunged 28.55% today, amid a broader tech sell-off.
00:06Intel fell 28.6% today, as its quarterly results coincided with a broader technology sell-off,
00:13though no confirmed company-specific catalyst fully explains the decline.
00:19Yahoo reported that Intel's results helped trigger selling across major chipmakers.
00:24The company still beat earnings estimates, reporting adjusted EPS of $0.52 against $0.40 expected,
00:36while warning that the PC slowdown would continue through at least the first half of next year.
00:42Why it matters? Even an earnings beat offered little protection during a sharp reassessment of technology stocks.
00:50Technology fell 4.90% today, so this went much further than the sector did.
00:57More on Intel-led chip route, full recap linked.
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