Intel shares fall 30% in worst day in decades, US govt stake loses $12 billion

Intel shares plunged around 30% on Friday, marking their worst one-day decline since the 1970s and wiping out over $146 billion in market value. The US government's stake in the company also lost $12 billion in value. The sell-off followed Intel's weaker-than-expected revenue forecast and warning that it does not expect positive cash flow this year amid heavy AI spending.