Intel: 32.9% Drop Wipes $150 Billion Market Cap

Intel shares plunged 32.9 percent, Google fell 14.5 percent, Amazon dropped 10 percent and SanDisk lost 15.8 percent over the last 48 hours after disappointing earnings raised doubts about AI infrastructure returns. Intel Q4 revenue guidance came in $1.1 billion below expectations, triggering a selloff that erased $150 billion in market value, its largest single-day decline in over 40 years. Google posted 25 percent revenue growth yet posted negative free cash flow of $9.1 billion, wiping nearly $500 billion from its market value in one day. Amazon AWS revenue rose 39 percent, the fastest pace in nearly five years, but the company guided for $220 billion in capital expenditure this year with higher outlays planned for 2027, swinging annual free cash flow from positive $14.8 billion to negative $42.4 billion. SanDisk beat earnings yet saw quarterly revenue growth slow from 51 percent to 23 percent, extending the semiconductor sector selloff.