News by Levels · Level 2 · Student worksheet

Intel Leads a Sharp Fall in US Technology Shares

Name: __________________________ Date: __________________

Read the story

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.

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

Investors were also weighing the large sums companies are spending on artificial intelligence and whether those investments will produce enough profit.

Source: Associated Press, 2026-10-30. https://apnews.com/article/stock-markets-ai-alphabet-oil-16c266731fdf64178f38070af2b42497

Read and practise

1. What was below analysts’ expectations?

   1. Intel’s forecast for profit in the final three months
   2. Intel’s reported profit for its latest quarter
   3. The Nasdaq’s value at the previous close

2. How much did the Nasdaq Composite fall?

   1. 28.6%
   2. 1%
   3. 2.9%

Your turn

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

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Read online: https://newsbylevels.com/news/intel-shares-fall-us-tech-stocks-october-30-2026/level-2/