Why Intel’s stock saw its worst day in decades — and a $140 billion wipeout
Summary
Intel shares are sliding toward their biggest potential decline in two years. This downward pressure stems from rising memory-chip prices and reduced corporate budgets for laptops, which are collectively hurting the company's personal computer division.
Intel’s PC business is under pressure as memory-chip prices dent demand and as corporate IT teams have less budget for laptops.
Source: Read the full story at MarketWatch.com - Top Stories
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