# Intel's stock crashes, knocking $12B from government's stake

> **Publication**: aitalky (Independent AI Journalism)
> **Canonical Citation URL**: https://aitalky.vercel.app/news/intels-stock-crashes-knocking-12b-from-governments-stake
> **Original Source**: [TechCrunch AI](https://techcrunch.com/2026/10/30/intels-stock-crashes-knocking-12b-from-governments-stake/)
> **Author**: Julie Bort (undefined)
> **Published Date**: Friday, October 30, 2026
> **Category**: INDUSTRY
> **Tags**: AI, TechCrunch AI, industry

## Executive Summary
Intel is being hurt by PC sales as the AI industry gobbles memory and other components causing PC prices to rise



## Full Coverage
Intel's stock suffered one of its worst days ever on Friday, crashing around 28% after the chip giant reported a weaker-than-expected outlook for the fourth quarter

This rout reduced the value of Intel's holdings by the government by $12 billion, CNBC reports . The Trump administration had the government buy 10% stake over a year ago. Nvidia, which also took a big stake in Intel in 2025, saw its stock drop a bit on Friday as well. Much of the tech industry — especially chipmakers — were caught in the sell-off

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