Intel's stock dropped 5.1% due to a global IT outage caused by CrowdStrike's software update affecting Intel CPUs.
Intel's stock dropped 5.1% on Friday due to a massive global IT outage caused by CrowdStrike's software update, affecting millions of computers using Intel CPUs. The incident indirectly impacted Intel and raised concerns about potential chip export restrictions to China, affecting its supply chain. Despite positive forecasts, Intel's stock has lost over 2% in the last three months and 24% in the last six months.
July 19, 2024
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