Intel loses $8 billion from its market value in historic crash over dismal earnings forecast

12:00:00 AM, Sunday 29th of January 2023 | in business

The Indian stock market was hit by a crash towards the end of the week, as it witnessed Adani Group firms go through meltdown as they crashed 20 per cent over Hindenburg's report. But while India's top conglomerate lost almost $50 billion in market value, global chipmaking giant Intel lost $8 billion in a historic crash as well. The tech firm's stock went down by 6.4% while its rivals gained as much as 2.8% to end the day.