Key facts
- Intel's stock fell 28% on Friday, October 30, 2026.
- The government's stake in Intel lost $12 billion in value.
- Intel warned of fourth-quarter revenue between $15 billion and $16 billion.
- Gross profit margin is expected to decline to 37% from 43%.
Intel's stock suffered one of its worst days on Friday, October 30, 2026, crashing around 28% after the chip giant reported a weaker-than-expected outlook for the fourth quarter. This decline reduced the value of the government's 10% stake, purchased over a year ago, by $12 billion. Nvidia, which also holds a significant stake in Intel, saw a minor drop in its stock. The selloff impacted much of the tech industry, particularly chipmakers. Despite the sharp decline, Intel's stock remains profitable for the government and Nvidia, with a year-to-date gain of over 70%.