WS #16582
Intel's shares collapsed in premarket trading after the company issued a December quarter outlook that missed Wall Street estimates, citing persistent PC market weakness and manufacturing bottlenecks. The selloff has triggered a sector-wide reassessment of hardware valuations, with AMD and Avago also declining significantly. Analysts have begun cutting price targets, with Morgan Stanley lowering Intel's target from $84 to $75, signaling that the market is pricing in a prolonged period of structural challenges for legacy chipmakers.
Intel Selloff and Tech Hardware Rout
Intel's shares collapsed in premarket trading after the company issued a December quarter outlook that missed Wall Street estimates, citing persistent PC market weakness and manufacturing bottlenecks. The selloff has triggered a sector-wide reassessment of hardware valuations, with AMD and Avago also declining significantly. Analysts have begun cutting price targets, with Morgan Stanley lowering Intel's target from $84 to $75, signaling that the market is pricing in a prolonged period of structural challenges for legacy chipmakers.