INTEL HAS ITS WORST DAY SINCE 1974 — DOWN 28.6% BUT STILL UP 78% YTD
Historic crash yesterday.
What Happened:
Intel plunged 28.58% to $65.76 on Friday Oct 30, 2026 — its worst single-day drop since 1974 and second-worst ever. Intraday low hit $64.11, down 30%.
Previous worst? July 5, 1974 — nearly 30% slide. Friday beat the 26% drop from Aug 2024.
Why it crashed:
Weak Q4 guidance. Management cited PC market weakness due to higher memory chip costs hurting consumer demand. Wall Street expected more.
Damage: ∼$120B market cap wiped in one day. US government's stake lost $12B in value (still profitable overall). Volume exploded to 487M shares.
The Twist:
Despite losing a third of its value, Intel is still up 78% in 2026 — from $36.96 at year open to $65.76 now. Driven by AI chip growth and data center recovery earlier this year.
Short-term panic, long-term still a winner?
My Take: This is classic overreaction to guidance. 1974-level drop doesn't erase a 78% year. If you believed in Intel's turnaround before, this is either a buying opportunity or a warning.
Would you buy this dip or stay away?
#Intel #INTC #StockMarket #Semiconductors#intelhasitsworstdaysince1974
Historic crash yesterday.
What Happened:
Intel plunged 28.58% to $65.76 on Friday Oct 30, 2026 — its worst single-day drop since 1974 and second-worst ever. Intraday low hit $64.11, down 30%.
Previous worst? July 5, 1974 — nearly 30% slide. Friday beat the 26% drop from Aug 2024.
Why it crashed:
Weak Q4 guidance. Management cited PC market weakness due to higher memory chip costs hurting consumer demand. Wall Street expected more.
Damage: ∼$120B market cap wiped in one day. US government's stake lost $12B in value (still profitable overall). Volume exploded to 487M shares.
The Twist:
Despite losing a third of its value, Intel is still up 78% in 2026 — from $36.96 at year open to $65.76 now. Driven by AI chip growth and data center recovery earlier this year.
Short-term panic, long-term still a winner?
My Take: This is classic overreaction to guidance. 1974-level drop doesn't erase a 78% year. If you believed in Intel's turnaround before, this is either a buying opportunity or a warning.
Would you buy this dip or stay away?
#Intel #INTC #StockMarket #Semiconductors#intelhasitsworstdaysince1974
