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New York, October 30, 2026 — Intel suffered a historic collapse on Friday after issuing weak guidance, sparking a global chip selloff. The stock plunged 28.58% after the company projected fourth-quarter earnings of 25 cents per share, well below the 43 cents analysts expected, and warned about cash burn.
The rout spread across AI infrastructure names: Arista Networks fell 8.34%, Lumentum lost 8.57%, Dell sank 10.77% and HP dropped 9.58% on concerns over PC and server demand.
