Stock Crash - GoKawiil

Intel shares plunge 30% in a day, cutting value of US government's stake by $11 billion

Intel stock suffered its worst one-day drop since 1974 on Friday, falling nearly 30 percent after the company's fourth-quarter revenue outlook missed Wall Street expectations despite beating Q3 earnings estimates. The slide shrank the value of the US government's 9.9 percent equity stake, acquired in August for $8.9 billion as part of a $100 billion semiconductor initiative, from almost $40 billion to under $30 billion.

futurism.com · 2026-11-02

Intel shares plunge 28% on weak Q4 forecast, cutting US stake value by $12B

Intel stock fell about 28% on Friday after the company projected fourth-quarter revenue of $15-16 billion, below analyst expectations of roughly $17 billion, and warned gross margins would drop to 37% from 43% with no positive cash flow expected. The decline cut roughly $12 billion from the value of the US government's 10% stake in Intel, acquired over a year ago, and also dented Nvidia's shares along with the wider chip sector.

techcrunch.com · 2026-10-30