Intel shares fell about 28% on Friday after the chipmaker gave a weaker-than-expected fourth-quarter outlook. The decline reduced the value of the U.S. government’s Intel stake by $12 billion, according to CNBC, while chipmakers and other technology stocks also sold off. Intel’s PC business faces pressure from rising memory-chip costs, which are denting demand, and tighter corporate laptop budgets.
WHO:
Intel
WHAT:
Intel shares fell about 28% after the company issued a weaker-than-expected fourth-quarter outlook.
WHEN:
Oct 30, 2026
WHERE:
USA
WHY:
The selloff followed Intel’s weaker-than-expected fourth-quarter outlook; its PC business is also under pressure from memory-chip costs and tighter corporate IT budgets.
How this story developed (showing 2 of 2 earlier reports)
