US stock markets fall as Intel forecast misses expectations and silver hits record
Major US stock indexes decline for a second week following Intel's weak quarterly outlook. Safe-haven assets like gold and silver hit new record highs Friday.
Insights:
Intel Corporation saw its shares plummet 14.9% on Friday, leading a broader decline in the US 
USstock market. The semiconductor giant issued downbeat quarterly revenue and profit guidance that fell below market estimates, with the company stating it struggled to satisfy demand for server chips used in artificial intelligence data centers. Prior to this decline, shares of Intel Corporationhad surged approximately 50% since the start of the year.
USstock market. The semiconductor giant issued downbeat quarterly revenue and profit guidance that fell below market estimates, with the company stating it struggled to satisfy demand for server chips used in artificial intelligence data centers. Prior to this decline, shares of Intel Corporationhad surged approximately 50% since the start of the year.The S&P 500 fell 0.21% and is on track for a second consecutive weekly decline. Meanwhile, the Dow Jones Industrial Average fell 320.71 points, or 0.65%, and the Nasdaq Composite dropped 0.16%. The PHLX Semiconductor Sector Index retreated 1.6% off its record high as investors weighed the implications of the technology sector's performance and selective guidance results during the current earnings season.