Intel crash and semiconductor/photonics selloff
Intel fell another ~6% after a record-scale Friday plunge, dragging the AI-hardware complex with it.
What we know
Kobeissi puts INTC down 57% from its high, erasing $440B. 72% of semis fell 5%+ Friday, and LITE and MRVL are sharply lower. An account on X says the market is fearful.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.