Intel Drops 4.4%, Wiping $21 Billion in Market Cap Today
As seen on the 24/7 Wall St. homepage on October 29, 2026.
A 4.43% drop to $91.30 takes roughly $21 billion off Intel's $481.9 billion market cap in a single session. Keep an eye on whether the $91 handle holds into the close.
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Intel opened at $95.53, held a tight band near $93 through midday, then sold off to finish at $91.30.
The 4.43% decline strips roughly $21 billion from Intel's market cap in a single session, enough to force both long-term holders and traders to reassess.
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The selling accelerated into the final hours, and whether the $91 level holds into the close is the immediate question for anyone holding the stock.
A drop of this magnitude in one session is significant for a company of Intel's scale. Investors will be focused on whether selling pressure continues or whether buyers step in to defend the $91 handle as a near-term support level.
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Mentioned: INTC