Intel stock suffers worst day since 1970s, erasing about $12 billion of US government stake
Intel shares closed down 28.58% on Friday after weaker-than-expected guidance, wiping roughly $12 billion off the US government's stake. Rising PC costs from AI-driven demand for memory and components are also hurting sales.
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Timeline · 3 reports
- 2026-10-30 21:54 · TechCrunch AI
Intel's stock crashes, knocking $12B from government's stake - 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) - 2026-10-30 20:30 · CNBC Technology
Intel stock has worst day since 1970s, wiping about $12 billion off government's stake