$INTC Plummets: Market Cap Erases Over $100 Billion; Q4 Guidance Below Expectations Media account @coinbureau reports: Intel $INTC tumbled intraday by as much as 30%, erasing over $100 billion in market value, nearing its largest single-day decline in history. If it closes below approximately $68, it will be the worst single-day performance since 1974; below approximately $64.50, it could record the worst single-day decline on record. 📌 Background (External Media / Earnings Report Perspective) ・ The primary driver of the decline is Q4 guidance below Wall Street expectations: revenue guidance of $15–16 billion (market consensus ~$17 billion); adjusted EPS of ~$0.25 (consensus ~$0.43) ・ The actual Q4 earnings report itself was not weak: data center revenue grew nearly 80% year-over-year (~$7.3 billion in revenue, etc.) ・ Pressure stems from the PC segment: memory shortages have increased laptop and desktop costs, prompting Intel to lower its PC shipment outlook; the incident at Israel’s Fab 28 also negatively impacted Q4 revenue by hundreds of millions of dollars