Intel shares crash 29%, worst day since 1970s on weak forecast, Israel plant closure

Intel shares plunged 29% on Friday, the steepest drop since the 1970s, after the company issued lower-than-expected guidance citing the closure of a plant in Israel and persistent weakness in the PC market. The magnitude of the sell-off signals a sharp repricing of Intel's near-term earnings outlook and raises questions about its competitive position. The closure of the Israeli facility adds a geopolitical dimension, though the primary driver is operational and demand-related.

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