In Reply to: intel getting crushed by Ai now posted by russsmith on October 30, 2026 at 07:17:12
The CEO again pointed out that because Trump took a near 10% equity stake in Intel as part of his fascist, socialist blackmailing of US companies, it's harming Intels business. non US sales have suffered as companies don't want to buy products that are state backed, and INTC now has regulatory hurdles they didn't have before in foreign markets because of the Trump admin being involved.
The stock had almost tripled in 2026 because of Ai but with the recent collapse it's only up 80% now. Largest one day drop in 52 years.