Intel Stock Plummets 13% Despite Strong Q4 Results; Weak Q1 Guidance Sparks Sell-off

• Intel Corporation's stock dropped 13% in extended trading on Wall Street.
• The decline occurred despite Q4 results exceeding analyst expectations, with revenue at $13.7 billion and EPS at $0.15.
• Weak Q1 revenue guidance of $11.7-$12.7 billion and break-even EPS disappointed the market, falling short of analyst estimates.
• Intel's CFO cited supply shortages as a major reason for the weak guidance, expecting improvement from Q2.
• The stock's fall is also attributed to a significant 147% rally in 2023, driven by hopes for its foundry business.

Why It Matters: Intel's stock crashed due to disappointing Q1 guidance and supply chain issues, overshadowing strong Q4 results.