--- title: "Intel Stock Rout Wipes $12 Billion Off Uncle Sam’s Stake" type: "News" locale: "en" url: "https://longbridge.com/en/news/303780694.md" description: "Intel stock plummeted approximately 30%, wiping out $12.2 billion from the U.S. government's stake due to weak quarterly guidance and a prolonged PC market slowdown. The federal government, holding nearly 10% of Intel acquired in August 2025, saw its position drop significantly, though it retains an overall paper gain. This sharp decline reflects broader tech sector unease regarding AI buildout costs and soft earnings from major peers." datetime: "2026-10-30T16:15:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/303780694.md) - [en](https://longbridge.com/en/news/303780694.md) - [zh-HK](https://longbridge.com/zh-HK/news/303780694.md) generator: "portal-rs" --- # Intel Stock Rout Wipes $12 Billion Off Uncle Sam’s Stake The federal government’s stake in **Intel Corp.** (NASDAQ:INTC) lost roughly $12 billion in paper value Friday as the chipmaker’s shares collapsed. - *INTC stock is tanking.* *Get all the details here.*  Intel shares sank about 30% to roughly $64 on Friday morning after issuing weaker-than-expected guidance and pointing to ongoing softness in the PC market. The stock was headed for its worst single session ever, and the selloff landed hard on Washington, which owns nearly a tenth of the company.  In August 2025, the Commerce Department acquired 433.3 million Intel shares at $20.47 each. The deal gave the government a 9.9% stake for roughly $9 billion.  Intel closed Thursday at $92.07, valuing the position at about $39.9 billion, per Benzinga Pro data. At $64 a share, the holding fell to roughly $27.7 billion.  The one-day hit comes to about $12.2 billion. The damage looks worse against Intel’s peak. A months-long rally pushed the stake’s value as high as $61 billion, The Wall Street Journal reported. From that level, the government has now given back more than $33 billion.  **Read Also: Bears Load Up on Ondas, Dutch Bros and 8 More Stocks — Is a Squeeze Brewing?** ## **Guidance Drives the INTC Drop** Intel said it expects fourth quarter adjusted EPS of 25 cents, versus the 43 cent analyst estimate, and revenue in a range of $15 billion to $16 billion, versus the $17.05 billion consensus. CFO **David Zinsner** said he expects the PC slowdown to last at least through the first half of next year.  Before the earnings report, Intel stock had climbed about 150% in 2026. October had already erased roughly 23% as investors grew uneasy about the size of the artificial intelligence buildout.  The broader market offered no cushion as the Nasdaq futures dropped over 2% as **Amazon.com Inc.** (NASDAQ:AMZN) and **Alphabet Inc.** (NASDAQ:GOOGL) (NASDAQ:GOOG) also slid after earnings, capping a rough week for tech results.  ## Other Backers Feel it Too Washington is not alone. **Nvidia Corp.** (NASDAQ:NVDA) and **SoftBank Group** also invested billions in Intel last year. ## Still Deep in the Green Even after the rout, U.S. taxpayers hold a paper gain of about $18.9 billion on Intel. The stake remains worth more than three times its cost. Intel anchors a much broader federal portfolio. The government has announced 43 deals involving stock or warrants convertible into equity, totaling around $30 billion, according to Council on Foreign Relations data cited by the Wall Street Journal.  Intel is by far the largest, leaving the portfolio’s headline returns tethered to a single volatile stock. **INTC Stock Price Activity:** Intel shares were down 27.06% at $67.15 on Friday, according to Benzinga Pro market data. **Read Also: Amazon’s Earnings Miss Almost Exactly Equals Its New Debt Bill** *Photo: Sunil prajapati / Shutterstock* ### Related Stocks - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [INT.US](https://longbridge.com/en/quote/INT.US.md) - [INTW.US](https://longbridge.com/en/quote/INTW.US.md) - [INYY.US](https://longbridge.com/en/quote/INYY.US.md) - [LINT.US](https://longbridge.com/en/quote/LINT.US.md) - [9434.JP](https://longbridge.com/en/quote/9434.JP.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [BROS.US](https://longbridge.com/en/quote/BROS.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [ONDS.US](https://longbridge.com/en/quote/ONDS.US.md) ## Related News & Research - [Intel Corporation $INTC Shares Sold by Crew Capital Management Ltd](https://longbridge.com/en/news/303705730.md) - [Deadly Blast Hit Intel’s Factory — And It Has a Hidden Bill That Nobody Can Yet Calculate](https://longbridge.com/en/news/303787274.md) - [Intel faces PC weakness, manufacturing constraints, analysts say](https://longbridge.com/en/news/303755233.md) - [Weak Q4 Outlook Might Change The Case For Investing In Intel Stock (INTC)](https://longbridge.com/en/news/303713977.md) - [These Analysts Slash Their Forecasts On Intel After Q3 Results](https://longbridge.com/en/news/303732018.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**