Intel shares slide roughly 13% to 17% after weak first-quarter outlook

Intel stock fell sharply on January 23, the session after its Q4 report, as investors reacted to the weak Q1 outlook. Sources disagree on the size of the decline, with figures from about 13% to about 17% for the day.

• Decline of roughly 13% (one source) to 17% (another) in one session; sources differ
• Trigger: Q1 revenue guide $11.7B-$12.7B and breakeven non-GAAP EPS, below consensus
• Supply: server processors for AI data centers were short, and management said Q1 supply would be the tightest
• Investors had pushed the stock up sharply in January, so expectations were high