Intel Stock Falls About 25% on Weak Outlook as Memory Shortages Weigh; Cohere Targets $5 Billion Raise

Intel shares plunged roughly 25% after the chipmaker issued a weak forecast, with memory shortages and supply constraints clouding its near-term outlook, according to a report from The Information. The same report flagged slowing growth in Amazon's retail business even as its AWS cloud unit accelerated, and said AI company Cohere is targeting a funding round of $5 billion.