Intel warns of weaker PC demand, chip stocks fall

Shares of major chip makers fell on Friday following Intel's warning that weaker personal computer demand may constrain its fourth-quarter results. The company said the slowdown in PC sales could reduce revenue growth for the period ending December. Analysts noted that the outlook reflects broader challenges in the consumer electronics market, which have pressured valuations across the sector.

"We expect the current environment to impact our fourth-quarter performance," Intel said in a statement. The decline affected a range of semiconductor stocks, with market data showing lower prices across the board. Investors are monitoring the situation as the industry evaluates demand trends and supply chain adjustments.