Investing.com -- Chip stocks fell across Asia, Europe and U.S. premarket trading on Friday after Intel's weak fourth-quarter forecast and Amazon's results renewed concerns about AI spending. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » Intel is down about 25.5% to around $68.61 in premarket trading. Intel reported third-quarter earnings after the close on Thursday, with adjusted earnings of $0.52 per share, beating analyst estimates of $0.40. Revenue rose 21% year over year to $16.5 billion, slightly above consensus of $16.48 billion. However, the stock plunged after-hours and in premarket, with its outlook considerably weaker.
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