Weak quarter for Intel sends shivers through cooling chip stocks

Chip stocks, particularly those affected by Intel's earnings, faced significant declines following the report's release. Intel attributed its downturn to challenges in the PC industry and a recent factory explosion. Other major chipmakers like AMD and Broadcom also experienced declines in after-hours trading. Concerns about the overall semiconductor industry were heightened after Alphabet's disappointing earnings. Despite these challenges, the semiconductor index has shown strong performance thr