Intel's Bleak Outlook Drags Dow Lower After Volatile Week

Business
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Moneycontrol•24-01-2026, 08:44
Intel's Bleak Outlook Drags Dow Lower After Volatile Week
- •The Dow Jones Industrial Average closed lower on Friday, capping a volatile week for Wall Street.
- •Intel's shares plunged 17% after forecasting quarterly revenue and profit below market estimates, citing struggles with AI data center chip demand.
- •All three major U.S. benchmarks had rebounded earlier in the week after a sharp selloff triggered by President Trump's tariff threats.
- •Despite the week's limited pullback, investors remain confident in the robust American economy, though mindful of expected volatility.
- •The upcoming week will test 'Magnificent Seven' stocks like Apple, Tesla, and Microsoft, as investors demand revenue growth to justify high valuations.
Why It Matters: Intel's poor forecast and the demand for tangible AI revenue growth weighed on markets after a turbulent week.
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