Intel shares plunge 25% as it warns that the AI boom's thirst for chips is hurting its PC business

Impact · against what's priced in

Intel's price is being aggressively reset as the market discovers a structural collapse in PC demand and severe sequential earnings decay that exceeds previous bear cases. Google's massive market cap loss confirms the market's refusal to pay for AI monetization, though this is a continuation of the existing pricing regime.

INTC−0.60

Challenges what's priced in

The price assumes