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Why Intel Dropped 20.2% in July

TheMotleyFool

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Shares of Intel (NASDAQ: INTC) fell 20.2% in July, according to according to data from S&P Global Market Intelligence, as the processor giant nicknamed "Chipzilla" plummeted following its second-quarter earnings report.

Intel handily beat analyst expectations for both revenue as well as earnings per share during the quarter; however, management's bombshell announcement that its 7-nanometer chips will be delayed and fall 12 months behind schedule caused a virtual panic among the company's investors.

Image source: Getty Images.

Source Fool.com

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