Intel’s $12 Billion Wipeout: Government Stake Shrinks After Worst Day Since 1970s

Intel shares suffered their steepest one-day drop since the 1970s, erasing roughly $12 billion from the U.S. government’s stake in the chipmaker. The selloff reflects growing investor anxiety over massive spending on artificial intelligence by the largest technology companies. Shareholders are questioning whether those investments will eventually generate returns. Intel has not commented on the stock move.