# Intel stock plunges, wiping $12 billion off government stake

https://mins.news/en/item/123150

- TechCrunch, 2026-10-30 21:54 UTC
- Economy
- Original: https://techcrunch.com/2026/10/30/intels-stock-crashes-knocking-12b-from-governments-stake/

> Intel is under pressure from weak PC sales as the AI industry consumes memory and other components, pushing up PC prices. The company’s stock plunge cut $12 billion from the value of the government’s stake.

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