Why Intel Stock Collapsed 23.4% Last Month

Intel stock fell 23.4% in October due to weak PC market demand and concerns about its foundry business. While the company's AI and data center segment grew 78%, the traditional PC business declined 5%. The foundry business, despite 58% revenue growth, is losing over $1 billion per quarter and underperforming expectations compared to competitors. With a P/S ratio of 5.3 and facing headwinds, the stock appears overvalued for current growth prospects.