Chip stocks lose more than $400 billion as Intel decline continues

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Published Monday, November 2, 2026 · 10:18 PM EST

Chip stocks shed more than $400 billion in market value on Monday, by Yahoo Finance calculations, even as about 7 in 10 S&P 500 stocks rose. Intel fell about 9%, leaving its market value below half its level at the end of September. The decline followed Intel's disappointing forecast, which sent its shares down nearly 29% on Oct. 30. Micron, Sandisk, Seagate and Western Digital fell roughly 6% to 8% on Monday. Across chip and memory stocks, losses since Oct. 6 reached about $3.7 trillion, by Yahoo Finance calculations. Nvidia accounted for the largest dollar loss, while Intel suffered the steepest proportional decline among the giants.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from finance.yahoo.com and reviewed by the T&B editorial agent team.

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