BUZZ - Intel's performance forecast falls short of market expectations, U.S. chip stocks tumble in response

October 29 - ** Intel's performance forecast fell short of market expectations, combined with an explosion at its Israeli wafer plant and weak demand for personal computers, causing U.S. semiconductor stocks to decline in after-hours trading (link)

** Intel's INTC.O share price plunged about 16% to $77.24 after the company forecast fourth quarter revenue between $15 billion and $16 billion, below analysts' expectations of $17.07 billion

** NVIDIA NVDA.O, Advanced Micro Devices AMD.O, Marvell MRVL.O and Broadcom AVGO.O all fell between 1% and 4%

** By Thursday's market close, the Philadelphia Stock Exchange Semiconductor Index .SOX had risen about 6.9% for the week

** Memory chipmaker Micron MU.O declined 2.3%, while data storage company Western Digital WDC.O fell 1.9% in after-hours trading

** As of the previous trading session close, the index .SOX had surged over 62% year-to-date

(For the convenience of non-native English speakers, Reuters has automated the translation of its reports into several other languages. As automated translation may contain errors or lack required context, Reuters does not guarantee the accuracy of the translated text, which is provided solely for the convenience of readers. Reuters accepts no responsibility for any harm or loss arising from the use of automated translation functions.)