Stocks indexes fell on Friday, July 24 amid escalating U.S.-China tensions. In this article are some of the prime tech movers in the S&P 500 as of mid-day:

Intel 

Intel  (INTC) – Get Report shares nosedived 14.87% to $51.42 subsequent its second quarter earnings release. The chip giant conquer expectations for profits and earnings for the quarter, reporting EPS of $1.23 on income of $19.7 billion, but issued weak earnings steerage for the present-day quarter. Intel also mentioned that the release of its future 7nm-dependent CPU technology will be delayed by six months. Chips built with the engineering were being envisioned to start in 2021, but Intel CEO Bob Swan said the delay was due to a flaw that resulted in “yield degradation” in its producing approach.