Intel Shares Plunge 28% After Weak Guidance and PC Headwinds
Intel shares plunged over 28% on Friday, October 30, 2026, following fourth-quarter revenue and earnings guidance that drove traders to the exits. While artificial intelligence and data center sales surged, soaring memory chip prices strained IT budgets and pressured client computing revenue.
Chips & export controls: Export controls and industrial policy are direct semis catalysts.