Intel's $12B loss sparks AI chip market unease

intel's stock suffered its worst day ever, crashing 28% after the company reported a weaker-than-expected outlook for q4. this reduced the value of the government's 10% stake, purchased over a year ago, by $12b. intel warned of $15b-$16b in q4 revenue, below analysts' expectations of $17b. the company cited the ai industry's impact on pc sales, causing memory prices and pc prices to rise. despite a 78% year-over-year growth in data center business, intel faces capacity constraints.