Intel Stock Tumbles 29%, Putting $140 Billion in Market Value at Risk
Intel shares fell 29% this morning amid a slumping PC market, putting the company on course to lose more than $140 billion in market value. The report compares the potential wipeout with major one-day losses for Alphabet and other companies.
By Ed BallardIntel stock tumbled 29% this morning due to a slumping PC market, putting the company on course to see more than $140 billion of market value erased. It's an astounding loss-but not nearly big enough to make the all-time list of mega market-cap wipeouts.It's a different story for Alpha…