Intel: Why Did the Stock Drop 14% After a Weak Forecast?

Intel Corporation (NASDAQ:INTC) shares tumbled over 12% in premarket trading on Friday, January 23, 2026, extending losses from the previous day's after-hours session where the stock had already plunged 14% following the chipmaker's fourth-quarter earnings release. Despite beating Wall Street expectations on both revenue and earnings per share for Q4, investors fled the stock after Intel issued a dismal first-quarter forecast and CEO Lip-Bu Tan warned of persistent manufacturing problems. The weak guidance ...