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Why Did Intel Stock Plunge 8%? Tesla CapEx Cut Sparks AI Chip Demand Concerns
TradingKey·- Tesla reduced its full-year capital expenditure forecast from $25 billion to $20 billion, which sparked market concerns over the sustainability of AI spending and caused Intel stock to plunge 8%. - Lam Research's weak earnings outlook and Meta's potential external financing plans further heightened investor caution regarding future chipmaker expansion and capital allocation. - Despite short-term valuation pressures, Intel continues to advance its long-term technology strategy centered on vertical stacking and advanced nodes to improve computational efficiency.