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Intel faces securities fraud investigation after Q3 earnings miss and stock plunge

Market News
12 Nov 2026, 17:00 WIB
PRNewsWire
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Bearish
Intel faces securities fraud investigation after Q3 earnings miss and stock plunge

Intel reported weaker-than-expected Q3 results and lowered its Q4 revenue and earnings guidance, causing its stock to drop nearly 29%. The company forecasted Q4 revenue of $15-16 billion and adjusted earnings of $0.25 per share, both below analyst estimates. Following this, Pomerantz LLP launched an investigation into whether Intel and its executives engaged in securities fraud or unlawful practices. Investors affected by the stock decline are encouraged to contact the law firm for potential class action participation.

Intel's stock is currently priced at USD 59.77 on Pluang, down 4.32% in the last day, showing continued pressure after recent news. The stock's market cap stands at $332.19 billion with a dividend yield of 2.24%. These figures are as of Nov 12, 2026, 22:12 WIB.

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