Intel shares fall more than 20% as Nikkei Asia reports PC slowdown stretching into 2027

Intel shares are down more than 20% today after Nikkei Asia reported the global PC slowdown is likely to persist until 2027. The prospect of a longer demand slump strikes at the heart of Intel’s client business, clouds near-term cash flows, and raises fresh questions about the pace of its turnaround. Nikkei Asia says the extended PC weakness could weigh on shipments and component orders that underpin a large share of Intel’s sales and the broader PC supply chain.

The outlet’s report revives fears that a hoped-for rebound in 2025 may be delayed, with ripple effects for PC makers, component suppliers, and broader semiconductor demand, according to Nikkei Asia. Watch for an Intel statement, any guidance updates, and movement across chip and PC stocks next, including AMD, Nvidia, HP, Dell, and Lenovo. [Developing. This article will be updated.]