Intel's stock price tumbled nearly 29% in one day. Why does this chip manufacturer still face collapse when demand for AI is strong?
2026-10-31 21:47:05
According to CoinMeta, Intel's stock price plummeted by nearly 29% on October 30, despite a 78% increase in its data center revenue. Analysis indicates that chip shortages, weak demand for personal computers, and rising factory costs have suppressed growth. Intel's revenue in the third quarter increased by 21% year-on-year to $16.5 billion, with revenue from its data centers and AI division growing to $7.3 billion. Nevertheless, Intel faces challenges including the inability to meet the demand for Xeon server processors, and an explosion at its factory in Israel is expected to result in a loss of about $600 million in revenue. In addition, Intel's traditional PC business has also been affected by insufficient demand, with quarterly revenue at $8.1 billion, a 5% decrease year-on-year.
Source:Coinpaper
This content is for market information only and does not constitute investment advice.
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