Why Intel (INTC) fell 24.17%
Intel (INTC) fell 24.17% on October 30, 2026 — Intel sinks on PC slump, cash burn despite 18A.
What happened
Intel's earnings call showed progress on its 18A process and growth in data centre, but a slump in PC demand and heavy cash burn overshadowed both, and the stock fell 24.2%.
Why it moved
Investors weighed the long-dated foundry story against near-term revenue pressure from PCs and negative cash flow.
Why it matters
Intel is the main test of the Chip Supply Chain theme's domestic foundry leg. If 18A wins outside customers, it matters for the whole supply chain, but the stock shows that progress alone won't offset cyclical PC…
What would break the thesis
A materially better margin or capex outlook would blunt the bearish read. Watch whether cash burn narrows and whether PC demand stabilizes in the next quarter.