Intel stock plunges after Trump chip investment
The gist
Intel shares crashed around 28% on Friday, its worst day since 1974, after a weaker-than-expected Q4 outlook.
The US government's 9.9% Intel stake lost over $11 billion in value.
How it unfolded
- Aug 2025The Trump administration made an $8.9 billion investment in Intel, taking a 9.9% stake as part of a $100 billion drive to boost semiconductor supplies.
- Jan 23, 2026Intel shares plunged as much as 18% following a lackluster forecast.
- Jan 24, 2026Intel stock tumbled more than 17% on Friday, wiping out more than $46 billion in market value since the Q4 earnings call.