Intel shares plunge 30% in record one-day loss, wiping out $146 billion

Intel shares fell nearly 30% on October 30, marking their biggest single-day drop and erasing over $146 billion in market value after the company issued a weak financial forecast. Intel projected quarterly revenue more than $1 billion below expectations and warned of no positive cash flow this year, disappointing investors amid weaker PC demand and rising memory prices. The sell-off also dragged down other chip and technology stocks. The company faces heavy spending on manufacturing expansion and supply constraints limiting AI data center processor sales. The decline raises questions about AI investment sustainability, though Indian laptop prices may not rise immediately, with potential impacts on pricing and availability in coming quarters.