GoKawiilIntel shares fall another 9% as chip-sector selloff tops $3.5 trillion since October
Intel stock dropped roughly 9% on Monday, extending losses after its worst trading day since 1974 last week, leaving the chipmaker worth less than half its late-September value. Memory and storage names including Micron, Sandisk, Seagate and Western Digital fell 6-8%, while Marvell dropped sharply even as it announced a $115 billion deal to acquire Lumentum. Chip and memory stocks have collectively lost about $3.7 trillion in market value since October 6, according to Yahoo Finance calculations, though Nvidia has held up comparatively well.
GoKawiil's interpretation of the reporting above, not reported fact.
The broad decline suggests investors are reassessing how much AI-driven chip demand justifies current valuations, even as the wider S&P 500 advanced Monday. Adam Johnson of the Bullseye Brief argues the prior week's selloff already priced in worst-case scenarios and could mark a bottom, though that remains his opinion rather than a certainty. Marvell's acquisition of Lumentum amid its own stock slide shows dealmaking continuing despite sector-wide investor jitters.
- Intel fell about 9% Monday, now worth less than half its late-September value.
- Chip and memory stocks have lost roughly $3.7 trillion in market value since October 6.
- Marvell agreed to buy Lumentum for $115 billion even as its own shares dropped sharply.
Source: finance.yahoo.com — Mon, 2026-11-03
Published there as: “Intel stock collapse worsens as $3.5T chip rout spreads”
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