📉 Intel just had its worst day on Wall Street in 52 years — and Uncle Sam took the hit right along with it.
Intel stock plunged nearly 29% Friday, closing at $65.76 — its worst single day since 1974 — even though the chipmaker beat earnings expectations and data-center revenue jumped nearly 80%.
The problem is the outlook. AI data centers are buying up so much of the world's memory chips that laptops and desktops have gotten pricier, so fewer are selling. Intel expects PC shipments to drop about 12% in 2026 and another 10% in 2027, and its forecast for the rest of the year came in well short of Wall Street's.
The forecast also absorbs a shutdown at Intel's plant in Kiryat Gat, Israel, where an explosion killed two workers earlier this month.
👇 The story continues on the card below.
Source: TechSpot (Oct. 31, 2026)
📷 Intel headquarters in Santa Clara, Calif. (photo: Coolcaesar / Wikimedia Commons, CC BY-SA 4.0)
