Intel's Stock Plunge Cuts U.S. Government Stake by $11 Billion in a Day

The U.S. Commerce Department's stake in Intel fell by more than $11 billion in a single day as the company's stock plunged 28% to $65.91 per share on October 30, 2026, reducing the government's holding to approximately $28.56 billion. Intel's third-quarter results beat expectations with revenue up 21% to $16.5 billion, but weak fourth-quarter guidance triggered the selloff. The company forecast revenue of $15-16 billion versus the expected $17 billion, citing a 12% PC market contraction in 2026 and a $300 million hit from an Israel factory accident. The government still holds a paper profit of roughly $19.66 billion over its $8.9 billion purchase price, and no sale has been disclosed. The broader tech sector also fell, with Dell down 13% and AMD down 10%, while Intel's foundry unit posted a $1.85 billion operating loss.