Intel’s selloff accelerated in extended trading despite the company beating expectations on both earnings and revenue. After initially falling about 6%, the stock slid deeper to roughly 12% lower in after-hours action, highlighting how sharply markets can react when guidance disappoints or confidence in the turnaround narrative weakens.
While Intel posted EPS of $0.15 and revenue of $13.7B, investors appeared more focused on the company’s outlook for the upcoming quarter and the broader question of whether earnings power can normalize amid heavy spending and competitive pressure.