Intel shares plunge about 28.6% after weak guidance
10/31/2026 — 10/31, 05:17·2 sources (all)·2 reports (all)
Key takeaways
- After issuing guidance below expectations, Intel fell about 28.6% on Friday, its worst single-day drop since the 1970s, shrinking the value…
Background & analysis
Reporting published on 2026-10-31 indicates that Intel fell on Friday after the chipmaker issued weaker-than-expected guidance. Fortune put Intel's close at down 28.6%, describing it as the company's largest single-day decline since 1974. A CNBC account surfaced through Techmeme gave the figure as down 28.58% and called it the worst day since the 1970s, so the two reports differ slightly on the exact percentage. Both agreed the drop occurred after Intel issued guidance that fell short of expectations. According to the CNBC report, the decline wiped roughly $12B off the market value of the US government's stake in Intel. Fortune also reported that Nvidia fell 4.2% on the same day and was the heaviest force pulling the S&P 500 downward, with the index posting its worst session since June. As of the available reporting, the picture stops at the single-day move in Intel's shares and the broader market; no further statement from Intel addressing the guidance or the selloff is included.
AI-generated from 2 reports · updated 22 minutes ago
Latest turnIntel shares closed down 28.58% on Friday, their worst single day since the 1970s, after the chipmaker issued weaker-than-expected guidance. The drop wiped roughly $12 billion off the value of the US government's stake, CNBC reported.
- Heat index
- 188
- All sources
- 2
- All reports
- 2
- First seen
- 2 hours ago
Reports on this story headlines open the original
Intel shares closed down 28.58% on Friday, their worst single day since the 1970s, after the chipmaker issued weaker-than-expected guidance. The drop wiped roughly $12 billion off the value of the US government's stake, CNBC reported.
TechmemeAI score 58Fortune reports Intel fell 28.6% on Friday, its steepest one-day drop since 1974, while Nvidia's 4.2% decline was the heaviest drag pushing the S&P 500 to its worst session since June.
FortuneAI score 65
Other stories people are talking about
- Heat index 79Intel shares plunge 29% as weak PC market offsets AI spending1 sources
- Heat index 887Alphabet plunges nearly 13% in one day, shedding about $500 billion in market value19 sources
- Heat index 797Mistral releases Mistral Large 4 (Le Chonk) weights as a 1T-parameter open model18 sources
- Heat index 737RisingCursor took its extension marketplace offline after the backdoored Claude Code extension10 sources
- Heat index 566RisingReddit to put login wall in place, CEO says Google AI sends no traffic to external sites9 sources
How is heat calculated?About the methodHide
Heat counts how many independent sources covered a story in the last 48 hours: one source counts once no matter how many posts it published, decaying with a 24-hour half-life. What ranks first is what many people are talking about.
This page aggregates public feeds. Headlines and summaries are machine-organized and remain the property of the original authors; verify important facts at the source. If you believe a headline or summary infringes your rights, email the contact address in the footer with the page URL and basis of your claim, and we will remove or replace it after review.
- Surge
- Discussion rising fast
- New
- First report within 6 hours
- Rising
- Still gathering discussion