$INTC big drop: Market cap evaporates over $10 billion; Q4 outlook below expectations Media account @coinbureau reports: Intel $INTC plunges intraday by as much as 30%, wiping out over $100 billion in market cap, nearing its largest single-day decline in history. If it closes below approximately $68, it will be its worst single day since 1974; below approximately $64.50 could mark the worst single day on record. 📌 Background (Foreign media / earnings report perspective) ・ The main cause of the decline is Q4 guidance below Wall Street expectations: revenue guidance of approximately $15–16 billion (market estimated $17 billion); adjusted EPS of approximately $0.25 (estimated at approximately $0.43) ・ The Q4 earnings report itself was not weak: data center business up nearly 80% year-over-year (revenue of approximately $7.3 billion, etc.) ・ Pressure comes from PCs: memory shortages have pushed up laptop and desktop costs; Intel has lowered its PC shipment outlook; the incident at Israel Fab 28 also dragged down Q4 revenue by hundreds of millions of dollars