Intel beat earnings at US$16.13 billion, a 25% increase from last year. However the share which was up 15% in post market after the earnings announcement was down 8% during market trading last Fri. CNBC's Jim Cramer vouched for this stock before the stock fell. The reason for the drop was the massive GAAP loss in the tuned of US$11 billion, the other reason was the current price is already up by 150% this year alone and at this price, investor has priced a lot of good news and once some bad news came, it just poked the bubble.$Intel(INTC.US)
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