Intel shares plunge 28%, dragging down global chip stocks

Category: Finance

Global semiconductor stocks declined significantly following Intel's disappointing earnings report, which led to a 28% drop in its shares and announced layoffs of over 15% of its workforce. Nvidia's shares also fell amid reports of a DOJ antitrust investigation into its market practices. Other major chip manufacturers like TSMC and Samsung experienced declines as well.

Keywords: semiconductor, Intel, Nvidia

Source: CNBC

Update At: 8/2/2024

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