FirstFT: Intel stock drops 16% as it forecasts weaker chip sales

Intel's stock plummeted by 16% following a forecast of weaker chip sales, signaling potential challenges ahead for the tech giant. This significant drop underscores investor concerns about the company's ability to maintain market share amid fierce competition and shifting market dynamics. The implications extend beyond Intel, potentially impacting the broader semiconductor industry and investor sentiment towards tech stocks. For more details, check out the full article.