Intel Stock Extends Crash, Now 57% Below Peak

Intel's revenue grew 21% year-over-year last quarter, its strongest growth in more than a decade, but a disappointing fourth-quarter outlook wiped out the rally. The stock cratered 28.6% on Friday, its worst one-day drop on record, and kept falling Monday until it was trading 57% below the all-time high it hit earlier this year. Intel ($INTC) is paying for weak guidance even after beating Wall Street's third-quarter estimates.