Intel is trading $13.53, down 31.04%, after its October 29 earnings report forecast a weak fourth quarter, with revenue of $15 billion to $16 billion below analysts’ expectations. - Intel warned of continued PC-market softness as memory prices rise; an extended shutdown at its Israel factory is also expected to weigh on results. - The outlook triggered a broader semiconductor selloff, while AI-infrastructure spending concerns pressured technology stocks. Reuters reported a sharp decline in Intel shares during Friday trading.