“Intel stock plunges nearly 29%, its worst day since 1974”
November 10, 2026
“Intel’s data center business just grew almost 80% in a year. Its outlook for the fourth quarter just handed the stock its worst day in more than half a century, erasing nearly $140 billion in market value Friday.
Intel (INTC) stock closed down nearly 29% Friday after the chipmaker’s forecast for the final three months of the year came in well short of Wall Street’s expectations.
Only one day in Intel’s history was worse, according to Yahoo Finance calculations from Norgate Data closing prices going back to May 1973: July 5, 1974, when the stock fell nearly 30%. Friday’s drop topped the roughly 26% plunge on Aug. 2, 2024…”
https://finance.yahoo.com/markets/article/intel-stock-plunges-nearly-29-its-worst-day-since-1974-205955309.html