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Intel’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.
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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