Intel shares suffer worst fall since the 1970s
Intel shares closed about 29% lower on Friday, their worst session since the 1970s, after the chipmaker issued weaker-than-expected guidance, CNBC, TechCrunch and Techmeme reported. The fall erased roughly $12 billion from the US government's stake as investors questioned heavy artificial-intelligence spending and rising component costs.
Why it matters
The plunge shows how quickly AI investment and memory shortages are reshaping expectations for established chipmakers.
Sources
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Part of the October 31, 2026 brief.