Intel surpassed revenue expectations but announced a shift in manufacturing strategy, causing concern about its future. Shares fell 9.4% as S&P 500 and Nasdaq rose. The company reported mixed earnings, beat revenue targets, and set better guidance. CEO mentioned halting projects and potential reliance on external foundries. Investors worry about Intel’s path to profitability and competitiveness.

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Read more at Yahoo Finance: Why Intel Stock Is Plummeting Today