TradingKey – Intel (INTC) stock continued its severe adjustment. On the last trading day of October, the stock plunged 29%, marking its worst single-day performance since the 1970s; for the entire month, it fell by a cumulative 45%, making it the largest monthly decline on record for the company. Entering November, selling pressure showed no signs of abating, with the stock dropping another 8% on the first trading day, indicating that investor confidence in the company’s short-term results and recovery prospects has yet to recover.

The immediate catalyst for this correction was Intel’s guidance, which fell significantly short of Wall Street expectations. The company expects revenue for the current quarter to potentially miss market…