Black day in AI. Intel tumbles 28% and drags Nasdaq 100 down nearly 3%

Intel's disappointing earnings led to a significant sell-off in the tech sector, causing its shares to plummet by 28%. This decline negatively impacted major indices like the Nasdaq and Nasdaq 100, which fell nearly 3%. Concerns over AI development and semiconductor manufacturing have heightened investor anxiety, particularly following a factory explosion in Israel and a slowdown in the laptop market. Other tech giants, including Nvidia and Microsoft, also experienced declines, reflecting a broader negative sentiment in the market.