News by Levels · Level 3 · Student worksheet
Intel's 28.6% Drop Deepens US Technology Stock Sell-off
Name: __________________________ Date: __________________
Read the story
Intel shares lost 28.6% on Friday, their steepest one-day decline since 1974, according to the Associated Press. The chipmaker's forecast for profit in the final quarter fell short of analysts' expectations, even though its latest quarterly profit had been stronger than expected.
The decline formed part of a broader retreat from technology stocks: the Nasdaq Composite closed down 2.9%. Reuters also reported sharp falls for Intel and Reddit at the end of the week.
Investors are examining how the enormous cost of artificial intelligence infrastructure will be financed and whether it will lead to sufficient returns. A fall in share prices reflects trading on that day; it does not by itself establish what those investments will earn in the future.
Source: Associated Press, 2026-10-30. https://apnews.com/article/stock-markets-ai-alphabet-oil-16c266731fdf64178f38070af2b42497
Read and practise
How did Intel’s forecast compare with its most recent quarterly profit?
- Both the forecast and the latest profit exceeded expectations
- Both the forecast and the latest profit fell below expectations
- The forecast disappointed analysts, although the latest quarterly profit exceeded expectations
What can be concluded from a single day’s drop in share prices?
- It guarantees a recovery in share prices
- It does not establish what AI investments will earn in the future
- It proves AI investments will never make a profit
Your turn
What did Intel report and forecast, and why should a one-day share-price fall not be treated as a final result for AI investments?
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Read online: https://newsbylevels.com/news/intel-shares-fall-us-tech-stocks-october-30-2026/level-3/