Intel shares plunge 28%, erasing $12bn from government stake
What happened
On 31 October 2026, TechCrunch reported that Intel shares fell about 28% on Friday after its fourth-quarter guidance missed expectations, cutting the value of the government's 10% stake by $12bn. The company expects fourth-quarter revenue of $15bn to $16bn, below analysts' forecast of about $17bn, and gross margin to fall from 43% to 37%. CEO Lip-Bu Tan said the AI industry is squeezing components such as memory, pushing up PC prices and prompting customers to signal slower PC demand, while data-centre revenue rose 78% year on year.
Written by AI from the reports · updated 4 h ago
Timeline
Follow the reports to see the event from each side.
- TechCrunch · AIIntel’s stock crashes, knocking $12B from government’s stake
Intel is being hurt by PC sales as the AI industry gobbles memory and other components causing PC prices to rise.
Heat of this event
Current heat 9·Peak in the comparable range 10（Oct 31 06:00）·Change over 24 hours in the comparable range –
The trend compares only the same accounts observed without a break, so its range can be narrower than the current heat count. Move the pointer or tap the chart to see each hour; with a keyboard, use the left and right arrow keys.