Weak quarter for Intel sends shivers through cooling chip stocks

What happened: Chip stocks fell after Intel's weak quarterly earnings report. Intel blamed near term headwinds across the PC industry and an Israel factory explosion. Key numbers: Intel shares fell 18 per cent after hours. SOX dropped 1.4 per cent in the regular session. The Israel factory shutdown will cost roughly $600 million in lost revenue over two quarters. Why it matters: Traders cited Intel's guidance and negative sentiment spillover for broad semiconductor weakness after hours, though some investors said the issue was confined to PCs and might not affect AI-focused chipmakers. Coverage: 3 outlets in 24h

Chip stocks fell after Intel's weak quarterly earnings report. Intel blamed near term headwinds across the PC industry and an Israel factory explosion.

Traders cited Intel's guidance and negative sentiment spillover for broad semiconductor weakness after hours, though some investors said the issue was confined to PCs and might not affect AI-focused chipmakers.