{
  "id": 17839367,
  "title": "These 2 Tech Stocks Both Fell 29% on Friday. Are They Buying Opportunities Now?",
  "url": "https://urgent.news/2026/11/02/these-2-tech-stocks-both-fell-29-on-friday-are-they-buying",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T19:04:01.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/11/02/these-2-tech-stocks-both-fell-29-on-friday-are-they-buying-opportunities-now/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Friday witnessed significant declines in two tech stocks, Intel and Reddit, both falling by nearly 29% following their latest earnings reports. Intel, a leading chipmaker, reported a 21% year-over-year revenue growth, reaching $16.5 billion, with its data center and AI segment showing exceptional growth of 78% to $7.3 billion. However, the company's fourth-quarter revenue outlook, expected to be between $15 billion and $16 billion, was significantly below the $17 billion anticipated by analysts. The company also expects its adjusted EPS to drop to $0.25, compared to analysts' estimate of $0.43. Intel's gross margin is projected to fall to around 38%, a stark contrast to 44.1% in the previous quarter. The primary factor contributing to this downturn is the PC market, as AI data centers are consuming a substantial number of memory chips, leading to rising laptop and desktop prices. Additionally, Intel anticipates a 12% decline in PC shipments this year and another 10% in 2027, exacerbated by a factory accident in Israel costing roughly $300 million in fourth-quarter revenue.\n\nMeanwhile, Reddit, a social media platform, also experienced a 29% drop in its stock price after reporting a strong third-quarter revenue growth of 53% to $895 million, surpassing analyst estimates. However, the company's adjusted EBITDA increased by 70% to $402 million. Despite these impressive figures, Reddit's CEO, Steve Huffman, revealed that search engine traffic had significantly declined, falling by more than 1 million per week on average during October. Google's AI mode is not driving traffic, as Reddit's search referrals dropped over the course of the quarter. U.S. daily users decreased by 2% to 50.7 million, and total daily users could potentially fall by a low-double-digit percentage this quarter. Reddit's profit guidance also fell short of analyst expectations. While both Intel and Reddit are priced lower than they were a week ago, their current valuations should not be mistaken for cheapness. Investors should closely monitor the performance of their respective businesses to determine whether these one-day drops are mere overreactions or the beginning of a prolonged reset.",
  "summary": "Two very different businesses with two very different problems, and one common thread.",
  "key_points": [
    "Intel and Reddit stocks fell 29% on Friday",
    "Intel reported 21% revenue growth but missed analyst EPS expectations",
    "Reddit's search traffic declined by over 1 million per week in October"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}