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Intel Leads a Sharp Fall in US Technology Shares

A disappointing profit forecast helped send Intel shares down 28.6%.

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28.6% on the a for the of the had . The that it was 1974.

The a in . The , an that , 2.9%.

were the are on and will .

Source: Associated Press, 2026-10-30.

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Read and understand · 1/2What was below analysts’ expectations?

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Intel’s forecast for profit in the final three months. The first paragraph identifies Intel’s forecast for the final three months as weaker than analysts expected.

Clue: Intel shares fell 28.6% on Friday after the chipmaker gave a weaker profit forecast for the final three months of the year than analysts had expected. The Associated Press reported that it was Intel's worst one-day fall since 1974.

Read and understand · 2/2How much did the Nasdaq Composite fall?

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2.9%. The article says the Nasdaq Composite fell 2.9%.

Clue: The decline came during a wider sell-off in technology stocks. The Nasdaq Composite, an index that includes many technology companies, fell 2.9%.

Your turn

Describe the falls in Intel and the Nasdaq, and explain one concern investors were considering.

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Intel shares fell 28.6% and the Nasdaq Composite fell 2.9%. Investors were considering whether large AI investments would produce enough profit.

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