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

_Published Monday, November 2, 2026 at 10:18 PM EST · Products · Latest · Tier 2 — Notable_

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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.

## Sources

- [finance.yahoo.com](https://finance.yahoo.com/markets/article/the-intel-stock-collapse-is-getting-worse--and-the-37-trillion-chip-rout-is-spreading-212154947.html)

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Canonical: https://techandbusiness.org/newswire/OGaC86JwlIOFf6ZffyRUXy
Published: 2026-11-03T03:18:01.558Z
Story chronology: 2026-11-02T21:25:52.000Z
Retrieved: 2026-11-03T05:54:39.656Z
Publisher: Tech & Business (techandbusiness.org)