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Intel stock has worst day since 1970s, wiping about $12 billion off government's stake

Investors are nervous about the massive AI spending from the tech giants and whether that will pay off.

Read the full story at CNBC Technology ↗

Timeline · 2 reports

  1. 2026-10-30 20:35 · Techmeme
    Intel stock closed down 28.58% on Friday, its worst day since the 1970s and wiping ~$12B off US government's stake, after issuing weaker-than-expected guidance (CNBC)
  2. 2026-10-30 20:30 · CNBC Technology
    Intel stock has worst day since 1970s, wiping about $12 billion off government's stake

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