Intel stock collapse worsens as $3.5T chip rout spreads
AI summary
Editorial policyIntel's stock decline spread to memory and storage stocks as Wall Street moved on from the previous week's tech sell-off amid a broader chip rout.
Key points
- •Intel's slide extended to memory and storage stocks on Monday
- •Most of Wall Street shifted focus away from last week's tech sector sell-off
- •The market is experiencing a widespread chip rout involving a $3.5T valuation drop