Intel shares drop 57% in Q4 2026, biggest S&P loser
Business
Intel just had a rough quarter: its stock dropped 57%, making it the biggest loser in the S&P 500 for the fourth quarter of 2026.
Investors are worried because fewer people are buying PCs, memory prices keep climbing, and Intel is struggling to keep up with demand due to production hiccups.
Intel Fab 28 shutdown, substrate shortages
A two-week shutdown at Intel's Fab 28 plant in Israel and ongoing shortages of packaging substrates have slowed down its supply chain.
Even though Intel beat earnings expectations last quarter, a gloomy forecast for the fourth quarter spooked investors and led to a major selloff.
Now, there are big questions about whether Intel can bounce back and ramp up its chip production.