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Intel Plunges Nearly 29% as Nasdaq Drops 2.3%

By Drooid · Oct 30, 2026 · How we work

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Nasdaq Composite Index tumbled 610 points, a 2.3% drop, in early trading on Friday.
Intel stock plunged nearly 29% when trading opened.
Alphabet Class A shares slid more than 12% on Thursday, its worst day since 2004.
Analyst Adam Crisafulli called the earnings season one of the worst in memory.
UBS CIO Ulrike Hoffmann-Burchardi advised clients to diversify beyond AI amid data-center debt worries.

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Nasdaq Composite Index tumbled 610 points, a 2.3% drop, in early trading on Friday.
Intel stock plunged nearly 29% when trading opened.
Alphabet Class A shares slid more than 12% on Thursday, its worst day since 2004.
Analyst Adam Crisafulli called the earnings season one of the worst in memory.
UBS CIO Ulrike Hoffmann-Burchardi advised clients to diversify beyond AI amid data-center debt worries.