Intel Slides 22% After Hours as $7.57M INTC Long Opens on Hyperliquid

Intel shares dropped 22% in after-hours trading Thursday as a Hyperliquid wallet held an INTC long opened at roughly $7.57 million, a sizable position during a sharp sell-off. Intel projected fourth-quarter revenue of $15 billion to $16 billion, compared with a $17.1 billion market expectation. The outlook range was $1.1 billion to $2.1 billion below that benchmark, including a $1.1 billion gap at its top end. The largest INTC long address on Hyperliquid, 0x54b2…af8a, had an average entry price of $71.40 and a liquidation price of $47.64.