Schwab Network on $INTC (Oct 30, 2026)

I mean, Katie, you and I, and Molly too, were analyzing these numbers from Amazon, from Intel, and from SanDisk .

But Intel was also a big surprise. I mean, there's a lot of disappointment about this name given that it had the backing of so many companies and even the government itself. It is clear that the market reaction to earnings over the past two days has not been favorable to technology stocks .

I mean, if you look at Intel, the company actually announced, for the most part, better-than-expected earnings for this quarter, but the forecasts were disappointing, and that's why we're seeing the stock down by more than 20% in today's session.

The revenue actually came in line with market expectations, along with exceeding adjusted earnings per share estimates, didn't it? They actually announced adjusted earnings per share of 52 cents.

The market was expecting 40 cents , but the concern is focused on the personal computer business. They actually expect a decline over the next two quarters in the PC business as a whole, because memory prices continue to rise, and this is also destroying demand in that sector .

They also face some problems with regard to AI business in general, due to supply chain disruptions they have experienced, as they have not been able to benefit as much as they would like with regard to AI and building their own manufacturing facilities .

Now, they have highlighted a problem at the manufacturing facility in Israel that has impacted their revenues and net profits.

But, once again, this is a story about expectations that fell slightly short of what was hoped for.

but yes, there's a big drop in Intel's stock of almost 30%,