Why Intel Fell Another 9% After Its Worst Day (Nov 2, 2026)
Intel fell about 9% on November 2, 2026, after a 29% drop on October 30, about 35% in two days, on a weak forecast and analysts cutting their ratings.
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Quick overview
- Intel fell about 9% on November 2, 2026, after a nearly 29% drop on October 30, its worst since 1974.
- That is about 35% in two trading days, on a weak forecast and analysts cutting their ratings.
- Chip stocks lost over $400B that day, yet about 7 in 10 of the biggest US stocks rose. A chip crash.
- −9% Intel on Nov 2, 2026
- −35% Intel in two trading days
- −$400B Chip and memory stocks on Nov 2
What happened
Intel slid about 9% on Monday, November 2, 2026, after falling nearly 29% on Friday, October 30, its steepest one-day drop since 1974. That is about 35% in two trading days. Intel is now worth less than half of what it was at the end of September.
Why it matters
The reasons were a weak forecast and analysts cutting their ratings. By Yahoo Finance's count, US chip and memory stocks lost more than $400 billion that day and about $3.7 trillion since October 6. Yet about seven in 10 of America's biggest stocks rose, so this was a chip crash, not a market crash.
Watch the 30-second short to see why this is a chip crash, not a market crash.
FAQ
Why does Intel stock keep falling?
A weak forecast and analysts cutting their ratings. Intel fell about 35% in two trading days, October 30 and November 2, 2026.
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Topics: intel stock, intel crash, chip stocks, semiconductor stocks, stock market today, wall street, ai stocks, proof of data