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’s drop on Friday shaves the US government’s equity stake by about $10 billion. It’s still up 3x since last August. — Live Feedhttps://www.live-feeds.com/feed/intel-s-drop-on-friday-shaves-the-us-government-s-equity-stake-by-about-10-billion-it-s-still-up-3x-since-last-augustContinuously updated, source-cited coverage. Intel Stock Plummets Nearly 29%, Erasing Billions from US Government Stakehttps://www.live-feeds.com/feed/intel-s-drop-on-friday-shaves-the-us-government-s-equity-stake-by-about-10-billion-it-s-still-up-3x-since-last-augusthttps://www.live-feeds.com/feed/intel-s-drop-on-friday-shaves-the-us-government-s-equity-stake-by-about-10-billion-it-s-still-up-3x-since-last-august#u177386Thu, 05 Nov 2026 13:07:13 +0000Intel 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 mattersIn August 2025, President Donald Trump purchased a 10 percent stake in Intel, making the US gov