Intel and Reddit shares plunge following earnings reports
INTC Intel Corp
$59.37 +5.49%
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- 1Intel shares fell nearly 29% on Friday, erasing approximately $140 billion in market capitalization.
- 2Reddit shares fell 29.2% on Friday, marking its worst day since going public.
- 3CFO David Zinsner stated that data center growth is the strongest in 15 years.
So what's the key point?
The stock prices of Intel and Reddit fell sharply by more than 29% in a single day. Stock values decreased significantly despite comments regarding strong data center growth.
Source The Motley Fool +1 · View original ↗
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