Intel Shares Crash 20% as PC Slump Drags On to 2027

Intel's stock plunged more than 20% after the chipmaker warned that the personal computer slowdown will stretch into 2027, a longer downturn than the company previously expected. The sharp drop wiped billions of dollars from Intel's market value in a single trading session. It marks one of the company's worst one-day losses in recent years. Intel blamed weak demand for PCs, as consumers and businesses hold off on buying new machines. The company said the slump is now expected to last longer than it had forecast. The warning signals deeper trouble for the broader chip industry, which relies heavily on PC sales. Intel is one of the world's largest chipmakers, and its outlook is often seen as a bellwether for the sector. Investors reacted quickly, selling off shares as the scale of the slowdown became clear. Analysts said the extended timeline raises questions about when Intel's core business will recover. Intel has not yet said how it plans to offset the losses. The company is expected to face pressure to cut costs and reshape its strategy in the coming months.