Trump's Commerce Department's Intel Stake Fell By More Than $10 Billion In A Day As Stock Craters

Down 28% in Less Than 24 Hours: What's Going on With Intel Stock on Friday?

Intel's server business is booming, but the company can't build enough to satisfy demand, and a weaker PC market is dragging on the rest.

Trump's Commerce Department's Intel Stake Fell By More Than $10 Billion In A Day As Stock Craters

The post Trump’s Commerce Department’s Intel Stake Fell By More Than $10 Billion In A Day As Stock Craters appeared first on 24/7 Wall St.. Shares of Intel (NASDAQ:INTC) traded at $65.91 as of 10:29 AM ET on October 30, 2026, down 28.41% from the $92.07 close on Oct. 29. The stock was still trading. At that price, the 433,323,000 shares the Commerce Department bought under its August 2025 agreement were worth about $28.56 billion, compared with …

Intel heads for worst day on Wall Street in more than 50 years on weak guidance

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

Trump’s Commerce Department’s Intel Stake Fell By More Than $10 Billion In A Day As Stock Craters

The post Trump’s Commerce Department’s Intel Stake Fell By More Than $10 Billion In A Day As Stock Craters appeared first on 24/7 Wall St.. Shares of Intel (NASDAQ:INTC) traded at $65.91 as of 10:29 AM ET on October 30, 2026, down 28.41% from the $92.07 close on Oct. 29. The stock was still…

Intel Stock Falls 30%, Past Its 1974 Record

Intel stock fell to $64.25 at 13:55 UTC on Friday, down 30.22% from Thursday’s $92.07 close. That is 29 cents below $64.54, the level that matches the 29.9% fall of 5 July 1974, which Yahoo Finance data reported as the worst single day in the company’s listed history. The shares have since recovered to $66.34, a fall of 27.95%, which according to the same TradingView INTC data puts that 55-year mark back out of reach unless they fall again befor…