Intel Shares Fall 57% in Q4, Worst in S&P 500
Intel was the worst performing stock in the S&P 500 index in Q4, down 57 per cent. Media reports point to weak demand for PCs hurting its client computing business. Rising memory prices are also adding to the pressure on its computer chip sales.
Context
Context: Intel makes processors for many laptops and desktops, so a slump in PC sales hits it directly. Memory chips are a major part of a computer's cost, so higher memory prices can make buyers hold back.
Burning Potato score: 58%