Intel cratered 29% on Oct 30 to $65.76, its worst day since 1974. Does INTC close back above $68 by Nov 4?
60% of users predicted YES โ the community missed this one. 5 predictions cast.
Intel shares fell 28.6% on October 30, closing at $65.76 after the company's fourth-quarter revenue guidance of $15 billion to $16 billion came in well below the roughly $17 billion Wall Street expected, alongside earnings guidance that also missed forecasts. Financial outlets, including the Motley Fool, described it as Intel's worst single-day decline since 1974, erasing more than $140 billion in market value in one session. The drop followed an otherwise solid third-quarter report; the guidance miss was attributed to a deteriorating PC market, supply constraints in data-center chips, and a factory incident in Israel the company said would cut roughly $300 million from fourth-quarter revenue. Several Wall Street analysts cut price targets and ratings afterward.
The stock did not recover to the $68 threshold in this question. By November 4, INTC continued trading well below that level, as the broader chip sector, including AMD and Qualcomm, also sold off that week. The community leaned toward a rebound, with 60% predicting yes, but the stock remained below $68 through the resolution date.
Sources
- Is Intel Stock a Buy After Its Post-Earnings Plunge? (2026-10-30)
- Intel (INTC) Stock Price History (2026-11-05)