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● LIVE Updated 1h ago · 13 sources tracked

Intel’s drop on Friday shaves the US government’s equity stake by about $10 billion. It’s still up 3x since last August.

Intel shares plunged nearly 29% on Friday, marking the company's worst single-day drop since 1974 and making it October's worst S&P 500 stock. The crash followed earnings pressure and a weak market for personal computer chips, as AI demand drives up prices for other components. The decline reduced the value of the US government's equity stake by between $10 billion and $12 billion. Despite this loss, the government's investment has increased 3x since last August.

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  • ✓ Intel stock dropped nearly 29% on Friday.
  • ✓ The stock decline was the worst single-day performance for the company since 1974.
  • ✓ Intel was the worst performing S&P 500 stock for October.
  • ✓ The US government owns a 10 percent stake in Intel.
🛡️ Source Corroboration: 13 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

Intel experienced its worst stock performance since 1974, triggering a global chip sector rout.

Live updates

  1. Intel Stock Plummets Nearly 29%, Erasing Billions from US Government Stake

    Intel shares plunged nearly 29% on Friday, marking the company's worst single-day drop since 1974 and making it October's worst S&P 500 stock. The crash followed earnings pressure and a weak market for personal computer chips, as AI demand drives up prices for other components. The decline reduced the value of the US government's equity stake by between $10 billion and $12 billion. Despite this loss, the government's investment has increased 3x since last August.

    Why it matters

    In August 2025, President Donald Trump purchased a 10 percent stake in Intel, making the US government one of the company's largest shareholders. The current volatility reflects broader struggles in the CPU market and shifting priorities toward AI hardware.

    What is confirmed

    • Intel stock dropped nearly 29% on Friday.
    • The stock decline was the worst single-day performance for the company since 1974.
    • Intel was the worst performing S&P 500 stock for October.
    • The US government owns a 10 percent stake in Intel.
    • The government's stake has increased 3x since last August.

    Still unconfirmed

    • The Friday rout shaved over $11 billion off the US government's stake.

    What to watch next

    • Analyst revisions on whether to buy the dip
    • Further data on personal computer chip market recovery
    • Updates on US government equity holdings in Intel
    Sources used for this update (17)
    1. stockanalysis.com — Intel (INTC) Stock Price & Overview
    2. www.intel.com — Intel Newsroom | News and Information
    3. Bloomberg.com — Intel Outlook Hurt by Weak Market for Personal Computer Chips
    4. CNBC — Amazon falls 7%, Intel plunges 25% in premarket trading, as pressure mounts after earnings
    5. Reuters — Intel on course for worst day ever, triggers global chip rout
    6. Yahoo Finance — Intel’s drop on Friday shaves the US government’s equity stake by about $10 billion. It’s still up 3x since last August.
    7. Yahoo Finance — Intel stock plunges nearly 29%, its worst day since 1974
    8. Yahoo Finance — Why Intel Stock Crashed on Friday
    9. Yahoo Finance — Intel Drags Down CPU Rivals. Is it a Buying Opportunity for AMD and Arm?
    10. MarketWatch — After Intel’s historic stock drop, analysts say there’s no reason to buy the dip
    11. Barron's — Intel’s Plunge Today Makes It October’s Worst S&P 500 Stock. Accenture Is the Biggest Winner.
    12. techcrunch.com — Intel’s stock crashes, knocking $12B from government’s stake
    confidence 90%
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