Business

Why Intel’s stock saw its worst day in decades — and a $140 billion wipeout

Intel’s PC business is under pressure as memory-chip prices dent demand and as corporate IT teams have less budget for laptops.

✦ Extractive summary — built from the sources' own reporting•From 2 sources•1 min read•Updated October 30, 2026, 8:48 PM UTC

Investors are nervous about the massive AI spending from the tech giants and whether that will pay off.

How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →

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Every article behind this summary — 2 articles from 2 outlets