(Bloomberg) — Intel Corp. shares plummeted to their lowest close since December on Friday, after the chipmaker reported third-quarter results and detailed a spending plan that it said would pressure profitability over the next few years.
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The stock fell 12%, its biggest one-day percentage decline since July 2020, marking the sixth straight quarter where Intel’s results were met with a negative reaction. The drop to $49.46 a share erased $26.6 billion in value,…
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