Intel shares see steepest drop in five decades

Intel reported third-quarter earnings that actually beat analyst expectations, yet its stock suffered its worst single-day crash in 50 years. The selloff was driven by the company's warning of a prolonged slump in the PC market, which overshadowed any positive news about demand for its AI chips. For investors, the contrast highlights how even a legacy chip giant can be punished when its core business faces headwinds, regardless of progress in newer areas like AI.

Does Intel's PC warning signal a broader tech slowdown, or is it company-specific?

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