Intel sued by shareholders after stock plunged 29% in a day

The suit turns a demand-cycle problem into a disclosure-liability problem, which matters less for Intel's balance sheet than for how chipmakers communicate inventory and end-market softness to shareholders. The Michigan pension fund's lead role signals institutional investors are willing to litigate over disclosure timing, not just results. Whether the case stays a one-off or becomes a template for other hardware names exposed to PC and inventory cycles is the open question worth watching.