{
  "id": 17124938,
  "title": "Weak quarter for Intel sends shivers through cooling chip stocks",
  "url": "https://urgent.news/2026/10/29/weak-quarter-for-intel-sends-shivers-through-cooling-chip-stocks",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T21:02:58.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/business/weak-quarter-intel-sends-shivers-through-cooling-chip-stocks-6504986"
  },
  "original_language": "en",
  "account": "Intel's disappointing quarterly earnings sent shockwaves through chip stocks on Thursday, spurring a decline in post-close trading. The semiconductor index suffered as Intel blamed near-term headwinds in the PC industry, causing its shares to plummet 18 percent in the after-hours session. This followed Alphabet's earnings report, which caused the SOX to drop 1.4 percent during regular trading hours. Intel also announced a $600 million loss in revenue due to a factory explosion in Israel that had been shut down for two weeks. Other chip stocks, including AMD and Broadcom, followed the trend downward, with AMD dropping 4 percent and Broadcom falling 2 percent. Despite the negative sentiment, investors were quick to react, with specialized ETFs like the Direxion Daily Semiconductor Bull ETF plummeting 9 percent. Google parent Alphabet also suffered a 13 percent drop, highlighting the importance of earnings reports. While the SOX has been a standout performer, its momentum has been tested by tighter financing terms, leading to pressure on some AI infrastructure firms. However, analysts believe the post-market trading may be overreacting to Intel's news, which is more related to PC sector issues rather than AI.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "CNBC Technology",
        "title": "Intel stock plunges 20% as chipmaker blames PC slowdown for weak guidance",
        "url": "https://urgent.news/2026/10/29/intel-stock-plunges-20-as-chipmaker-blames-pc-slowdown-for-weak-17118016",
        "published": "2026-10-29T20:06:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}