Why Intel Is Down Today

Micron Technology (NASDAQ:MU) stock is sinking, down 5.5% to $897 as of 112:45 p.m. ET on Friday, Oct. 30, following Intel's less-than-stellar earnings forecast and slipping PC sales. The S&P 500 and the Nasdaq Composite are down 1.5% and 2.6%, respectively. Intel (NASDAQ:INTC) beat Wall Street's targets for its Q3 earnings, while coming in roughly in line on the top-line:

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