Intel (NASDAQ: INTC) shares fell 28.41% to $65.91 at 10:29 a.m. ET on October 30, 2026, from a $92.07 close on October 29. Third-quarter revenue rose 21% to $16.5 billion and adjusted EPS beat estimates, but fourth-quarter guidance of $15–16 billion in revenue and $0.25 in adjusted EPS fell short of expectations, and Intel projects the PC market shrinking 12% in 2026. The Commerce Department bought 433,323,000 new shares for about $8.9 billion under its August 2025 agreement, and the stake is now worth about $28.56 billion, down about $11.34 billion in one session but still about 3.2 times its cost. The article identifies the foundry unit's $1.85 billion third-quarter operating loss as the weak spot and notes Intel has declined to name its foundry customers.
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Intelsemiconductorsearningsfoundry
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Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/29/2026 | 213.72 |
| Change that session | -0.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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