5 Stocks Tumbling Today

2. Intel Corporation (NASDAQ:INTC) has slid 6.44% as of 10:32 AM ET after the Santa Clara, California-based chipmaker revealed lower-than-expected guidance for Q2 2022. Intel Corporation (NASDAQ:INTC) reported a decline in revenue of 7% YoY to $18.35 billion. For Q2 2022, Intel Corporation (NASDAQ:INTC) anticipates revenue and adjusted EPS of $18 billion and 76 cents respectively, compared to the analysts’ expectations of $18.38 billion and 84 cents. Moreover, Intel Corporation (NASDAQ:INTC) guided the fiscal year 2022 revenue of $76 billion and raised its guidance by 10 cents to $3.60.

Intel Corporation (NASDAQ:INTC) was held by 72 hedge funds at the end of Q4 2021.