Intel plunges 29%, worst day since the 1970s, wiping $12B off US government stake
emmanuelvivier · x · 2026-11-02
Intel shares fell 29% after warnings of an Israel factory shutdown and weak PC demand — its worst day since the 1970s. The US government's 10% stake lost $12B (still profitable overall), Nvidia's stake shed $6B, and DA Davidson cut the rating to neutral in a report titled "Not fixed yet."
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