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Why Intel Stock Plunged Today

·1 min read
Why Intel Stock Plunged Today
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Shares of Intel (NASDAQ: INTC) fell 5.3% on Friday, following the semiconductor giant's second-quarter earnings release and conference call. Intel's revenue was flat year over year at $19.6 billion, while its adjusted earnings per share rose 12% to $1.14. "There's never been a more exciting time to be in the semiconductor industry," CEO Pat Gelsinger said in a press release.