Intel stock has worst day since 1970s, wiping about $12 billion off government's stake
Intel warned fourth-quarter revenue would fall short of estimates and said heavy investment would keep cash flow negative, sending shares down 28%.
- Intel stock crashed around 28% on Friday, marking one of its worst days ever and reducing the value of The Trump administration's 10% stake by $12 billion, CNBC reports.
- Weaker-than-Expected fourth-quarter projections drove the selloff; Intel warned of revenue between $15 billion and $16 billion when analysts anticipated around $17 billion, with gross margins declining to 37% from 43%.
- Rising component prices and PC slowdowns are straining IT budgets, Intel CEO Lip-Bu Tan warned on the earnings call; data center revenue grew 78% despite capacity constraints in Arizona versus Taiwan Semiconductor Manufacturing.
- Despite Friday's decline, The Trump administration's investment remains profitable, with Intel stock up more than 70% Year-to-date; Nvidia, which also holds a stake, saw shares drop slightly.
- Investors remain nervous about massive AI spending from tech giants; Amazon and Alphabet closed lower on Thursday as these results dragged Nasdaq futures down 2% and capped a rough week for tech earnings.
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The fall of Intel also represents a severe blow to the Trump administration, which prompted the US government to acquire a 10% stake in the company more than a year ago
The spectacular decline in Intel shares on Friday, October 30, 2026, caused strong shocks in international markets, which lost 28.6% of its value, recording its biggest daily drop since 1974. The negative reaction of investors followed the company's disappointing forecasts for the next quarter, amid production problems and weakening demand in the personal computer market. According to Reuters, the shutdown of Intel's factory in Kiryat Gat, Isr…
Intel's stock plunged 29% on Friday, its worst day since the 1970s.
Intel: Ιστορική πτώση 29% για τη μετοχή - Η χειρότερη επίδοση από τη δεκαετία του '70
H μετοή της Intel κατέρρευσε κατά 29% την Παρασκευή, σημειώνοντας τη χειρότερη ημέρα της από τη δεκαετία του 1970. H μετοή της Intel κατέρρευσε κατά 29% την Παρασκευή, σημειώνοντας τη χειρότερη ημέρα της από τη δεκαετία του 1970, αφού ο by sofokleous10..gr
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