AI Summary

Intel’s shares fell about 28% on Friday after the company posted a weaker‑than‑expected outlook for the fourth quarter, marking one of its steepest single‑day declines. The drop cut the value of the U.S. government’s 10% stake—acquired under the Trump administration a year earlier—by roughly $12 billion, according to CNBC. Nvidia, which took a sizable stake in Intel in 2025, also saw its stock dip modestly. The decline was part of a broader sell‑off that hit many technology firms, especially chipmakers.

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