Intel slides again as chip sector sells off on November 5

Intel shares fell about 10% on November 5, 2026, extending the losses from its late-October earnings reaction. The drop came during the chip sector's sharpest one-day decline since 2020, when most of the largest semiconductor names were in bear-market territory. At that close Intel sat roughly 63% below its record close, and the move was part of a broad rout rather than a company-specific event alone. Investors are weighing the weak fourth-quarter outlook, PC demand softness and memory-cost pressure against the company's data center and foundry positioning.

1. Intel fell 10.3% in the November 5, 2026 session, per closing prices cited in a Benzinga sector table.
2. Intel closed about 62.9% below its record close at that point, according to the same table.
3. The chip sector had its worst day since 2020, with 28 of the 30 biggest names in a bear market, per the same report.
4. Intel's Q4 2026 guidance called for revenue of $15 billion to $16 billion and adjusted EPS of 25 cents, below consensus of about $17.05 billion and 43 cents.
5. Intel shares dropped 28.58% on October 30, 2026 after the guidance was released following Q3 results.