Intel plunges 29% on weak Q4 guidance

[Entrance of The Intel Museum in Silicon Valley.] JHVEPhoto/iStock Editorial via Getty Images Intel Corporation (INTC [https://seekingalpha.com/symbol/INTC]) sank almost 29% on Friday after the semiconductor giant's fourth-quarter guidance came in well below Wall Street expectations, overshadowing a solid third-quarter beat. Shares ended at $65.76, down $26.31 from the prior close. Volume surged to nearly 399 million shares, more than four times the one-month average. INTC has fallen nearly 45% in the past month. The selloff contributed to a broad technology-sector decline, with the Nasdaq-tracking QQQ falling more than 3% and the technology sector ETF sliding nearly 5%.