The Intel chip market shares collapsed 29% on Friday, their worst day since the 1970s

Intel shares plummeted 29% on Friday, their worst day since the 1970s, after the chipmaker issued weaker-than-expected guidance due to a plant shutdown in Israel and ongoing softness in the PC market.

It’s a major setback for CEO Lip-Bu Tan, who was hired in March 2025, and has… pic.twitter.com/2MxcRqJbYy

— CNBC (@CNBC) October 30, 2026