Intel (INTC) stock fell 45% in October to $65.76, from $120.23 at the end of September, its worst month since at least 1980. Most of the drop came on October 30, when shares fell 29% after Intel’s third-quarter results and a fourth-quarter non-GAAP EPS forecast of just $0.25, under half the $0.52 it had just earned. As of October 30, the stock was still up about 78% for 2026 but roughly 53% below its June 22 high of $140.94. The article compares this with past sharp declines in September 2000, June 2002, October 1987 and 2024, where outcomes varied. The author argues that what matters most is whether Intel’s profits rebound, and since weak PC demand may keep profits falling for several more quarters, he does not view the drop as an investment opportunity.
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