TechCrunch reports that Intel's stock crashed, knocking $12 billion off the value of the U.S. government's stake.
Intel is being hurt by PC sales, as the AI industry gobbles up memory and other components and PC prices rise.
Source: techcrunch.com, reported 10-30. https://techcrunch.com/2026/10/30/intels-stock-crashes-knocking-12b-from-governments-stake/