DECRYPT · 2026-10-30 20:53 UTC

Intel Stock Suffers Worst Crash in 50 Years as Weak Forecast Overshadows AI Chip Demand

Intel shares crashed nearly 30% to $65.76 after issuing weak Q4 guidance of $15.5 billion revenue (vs. $17.07 billion expected) and $0.25 EPS (vs. $0.43 expected), wiping out $146 billion in market value. Q3 earnings beat expectations with $16.5 billion revenue (+21% YoY) and $0.52 EPS, with Data Center and AI division up 78% YoY to $7.3 billion. Intel faces manufacturing constraints despite strong AI chip demand, weak PC business, and plans to sacrifice free cash flow in 2027 for factory expansion to compete with TSMC.

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