Intel Stock Crashes 23% Overnight and Gets Jim Cramer 'Furious': 'I Am Actually Disappointed'

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Intel Stock Crashes 23% Overnight and Gets Jim Cramer 'Furious': 'I Am Actually Disappointed' Radhika Anilkumar Nadig Thu, October 29, 2026 at 11:28 PM EDT 4 min read INTC -3.62% NVDA -0.80% View more earnings on INTC Intel Corp. (NASDAQ: INTC ) stock fell 23% in after-hours trading on Thursday as the company's fourth-quarter guide disappointed investors, drawing an angry reaction from CNBC's Jim Cramer . In a post on X, Cramer said he was "disappointed in Intel," which he named his favorite stock earlier this year, adding that he was "actually furious about it." Yes i am disappointed in Intel,actually furious about it — Jim Cramer (@jimcramer) October 29, 2026 Moor Insights & Strategy CEO Patrick Moorhead called it a "good" quarter with a "very challenging guide." Good $INTC quarter, very challenging guide. We will have to wait until the call to get the details. Has to be from one or all of these: 1. weakening PC (see $MSFT comments) 2. ⁠scarcity of substrates 3. ⁠incident at Intel's fab in Israel https://t.co/fYnv6NwgzK — Patrick Moorhead (@PatrickMoorhead) October 29, 2026 Author and investor Jeff Macke questioned "the point of the government taking over companies if we are going to let them miss estimates." What's the point of the government taking over companies if we are going to let them miss estimates? $INTC — Jeff Macke (@JeffMacke) October 29, 2026 Read Also: Elizabeth Warren Says Nvidia Board and Jensen Huang 'Owe Congress Answers' Over Reported Spy Ties— Wants AI Technology Kept 'Out of China's Hands' Deepwater Asset Management's Gene Munster said PC demand is the main issue, with the company pointing to high memory costs as the reason demand is slowing. He added that Intel's weak guide should not be applied to Nvidia Corp. which has been beating estimates despite high memory costs. The $INTC (down 17% in after hours) guide down should not be extrapolated on $NVDA (down 1.3%). Bottom line: Main issue is PC demand. If there is pricing pressure on DCAI it suggests they are likely losing share. The company is calling like it is, demand is slowing because of… — Gene Munster (@munster_gene) October 29, 2026 Former BlackRock Inc. portfolio manager Edward Dowd called the hit to PC demand from higher memory prices as "demand destruction." Intel $INTC down 19% in After Hours trading Higher memory prices from AI buildout have caused demand destruction in PCs. They see slowdown into 1st half next year. As an aside $AAPL which also raised prices due to memory price increases reports Monday. https://t.co/rGADBQWle2 — Edward Dowd (@DowdEdward) October 29, 2026 Futurum Group CEO Daniel Newman said the weak guide "isn't a demand issue" and is more about "expanding capacity and perhaps mix shift." $INTC had a pretty good quarter this quarter but has some questions to answer on the guide. Realistically it isn't a demand issue, but more related expanding capacity and perhaps mix shift. https://t.co/nhl9QsUEYy — Daniel Newman (@danielnewmanUV) October 29, 2026 Futurum's market strategist Shay Boloor noted that Intel's CEO Lip-Bu Tan cited "extraordinary demand" for its Xeon family but named production yields, substrate shortages and an Israel factory shutdown as headwinds limiting shipments. The timing is bad, Boloor said, with Advanced Micro Devices Inc. and Nvidia pushing deeper into server CPUs, where losing a customer today could cost years of future business. $INTC CEO says there's "extraordinary demand for our Xeon family" but outlined three headwinds limiting shipments including production yields, substrate shortages and an Israel factory shutdown. Pretty bad timing with $AMD and $NVDA pushing further into server CPUs where losing… pic.twitter.com/fa541EyrSR — Shay Boloor (@StockSavvyShay) October 29, 2026 Intel reported third quarter earnings of 52 cents per share, which beat the consensus estimate of 40 cents by 30%, per Benzinga Pro data. Revenue came in at $16.51 billion, which beat the analyst estimate of $16.47 billion. The company expects fourth-quarter adjusted EPS of 25 cents, versus the 43-cent analyst estimate, and revenue of $15 billion to $16 billion, versus the $17.05 billion estimate. Price Action: Shares closed 3.62% lower on Thursday at $92.07 and tumbled 23.03% to $70.87 in extended trading on the earnings announcement. Benzinga Edge rankings show Intel's stock has a Momentum score in the 95th percentile, with a negative short- and medium-term price trend. In the long term, the stock has a positive price trend. Disclaimer : This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors . UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily , plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga: INTEL (INTC): Free Stock Analysis Report This article Intel Stock Crashes 23% Overnight and Gets Jim Cramer 'Furious': 'I Am Actually Disappointed' originally appeared on Benzinga.com

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