Intel and Reddit both fell nearly 29% on Friday after their earnings reports, even though neither company had a bad quarter. Intel's third-quarter revenue rose 21% to $16.5 billion and beat its own guidance, but its fourth-quarter outlook of $15 billion to $16 billion fell short of the roughly $17 billion analysts expected, weighed down by PC weakness as AI data centers absorb memory chips. Reddit's third-quarter revenue rose 53% to $895 million, but search traffic fell meaningfully and U.S. daily users slipped 2% to 50.7 million. The article says Intel's problem may be cyclical, while Reddit's concern looks more lasting, since there is no guarantee AI search will drive as much traffic as traditional search did.
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NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.81 |
| Change that session | -4.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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