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Intel stock drops sharply as PC market weakness leads to lower revenue forecast

Market News
30 Oct 2026, 02:11 WIB
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Bearish
Intel stock drops sharply as PC market weakness leads to lower revenue forecast

Intel's stock is falling significantly due to a slowdown in the personal computer market, which has caused the company to lower its revenue forecast for the December quarter. Intel now expects revenue between $15 billion and $16 billion, below analysts' consensus of $17.1 billion. This decline is driven by weak demand for PCs, impacted by falling memory-chip prices and reduced corporate IT budgets for laptops. The market reaction reflects concerns about Intel's growth prospects in a challenging PC environment.

Intel's stock has taken a sharp hit, echoing the concerns raised about its revenue outlook. On Pluang, INTC shares are down 26.32% at USD 70.39 as of Oct 30, 2026 06:21 WIB, marking a significant drop in value. Despite this, the stock still holds a dividend yield of 2.24%, and the typical hold time for investors on Pluang is 116 days, with a balanced order activity leaning slightly towards buying at 60%.

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