Intel Shares Freefall As American Chipmaking Giant Careens Toward Worst Day Ever

ToplineIntel is on track to erase more than $30 billion in market value in one of its worst days since going public decades ago, part of a broader selloff as tech titans release lackluster earnings reports amid growing investor skepticism as to whether big tech’s hefty investments in AI can pay off.Intel shares plummeted on Friday.Getty Images Key FactsIntel shares fell nearly 30% on Friday morning after the company announced plans to slash its workforce and halt its dividend, as well as issuing grim revenu ...