# Intel stock plunges 20% as chipmaker blames PC slowdown for weak guidance

https://mins.news/en/item/121431

- CNBC, 2026-10-29 20:06 UTC
- Economy
- Original: https://www.cnbc.com/2026/10/29/intel-intc-q3-earnings-report-2026-.html

> Intel shares plunged 20%. The chipmaker blamed a struggling PC market for its weak outlook, weighing on a company that has been a Wall Street favorite this year as it emerged as an AI player.

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