Intel stock crash wipes $12B off US government's stake as AI eats the PC supply chain
TechCrunch AI · rss · 2026-10-31
Intel's stock plunged, cutting the value of the U.S. government's stake by roughly $12 billion. The piece notes that the AI industry is gobbling up memory and other components, driving up PC prices, and weakening PC sales are now hurting Intel's outlook.
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