Intel Suffers Worst Stock Crash in Over 50 Years
Intel suffered one of its biggest stock market crashes on Friday, October 30, as its shares plunged 28.6% following a … Read More The post Intel Suffers Worst Stock Crash in Over 50 Years appeared first on ProPakistani .
Intel experienced its largest stock market crash in over half a century on Friday, October 30, following a poor earnings forecast. The chipmaker's shares plummeted 28.6%, dropping the company's market value by more than $140 billion in a single trading session. Intel's stock closed at $65.76, wiping out nearly $140 billion in market value.
The US government's investment in Intel, acquired in August 2025, also lost approximately $11 billion to $12 billion due to the stock decline. Intel attributed the crash to weaker demand for personal computers, rising memory prices, and substantial spending on chip manufacturing. The company forecast fourth-quarter revenue between $15 billion and $16 billion, lower than analysts' expectations of around $17 billion.
Intel also warned that its gross profit margin would drop from 43% to approximately 37% in the fourth quarter, indicating a smaller percentage of revenue remaining after production costs. The disappointing forecast led to a major sell-off, with investors concerned about Intel's ability to sustain growth.
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