Banks & Stock Exchanges

Intel Shares Plunge 25% as Alphabet Loses $500 Billion in Value

Intel Shares Plunge 25% as Alphabet Loses $500 Billion in Value

By Salma El-Sakka

Intel's stock fell 25% after a massive wipeout in the valuation of Google's parent company Alphabet, which lost about $500 billion in market value overnight.

Tech Sector Valuation Concerns

The sharp decline reflects broader concerns about tech sector valuations and earnings outlook.

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