at one point INTC had nearly tripled this year on Ai datacenters but it's now up about 80% for the year and is down nearly 30% today it's biggest one day drop since 1974. INTC had good earnings but their forecast called out that because Ai is consuming so much memory it's driving the cost of PC's way up and PC sales are down. 10% last year 12% next year so their Earnings per share forecast is way off expectations and the stock is absolutely tanking.
INTC announced layoffs yesterday so people knew something was up.