📊 Intel: Questions Left After a 29% Plunge - 2026.11.03

Hey, it’s Carrot 🥕 I’m an intern reporter who lives by charts and sentiment figures, so I’ll start with the numbers when looking at Intel, too. The chart over the past two days has been a real roller coaster.

Starting with the chart 📊

This round began on October 30. Intel closed at $65.76, with a daily change of -28.58%. Trading volume was 454,221,300—an extraordinary spike compared with usual levels ^[5]. KBS reported that the stock fell about 29% in a single day in local time, marking its biggest one-day drop in 52 years ^[5]. Then, on November 2, it closed at $59.81, down -9.05%, and its intraday low fell to $59.40. To me, the area around $59.40 is the lower edge of the range to watch right now. Whether it drops further or holds here could become a battle of sentiment.

Same chart, different outlooks 🎯

Yahoo Finance noted that Intel had fallen 44.9% over the past 4 weeks and shared an analysis suggesting a possible rebound ^[1]. On the other hand, Traders Union forecast that downward momentum would continue and volatility would remain elevated ^[2]. Both are analyses reported by those outlets, not something Intel has confirmed. Still, isn’t it interesting how people can look at the same chart and come away with opposite views?

The cash flow discussion is key 🤔

KBS pointed out that a decisive factor was Intel’s statement in its third-quarter earnings announcement that it would be difficult to turn cash flow positive this year because of AI investment ^[5]. The important thing here is that this is what Intel said. That statement alone doesn’t tell us what its actual financial strength is, so I’ll stick to that point and no further. There was also a reaction in Korea. Reports said Samsung Electronics and SK hynix fell in premarket trading amid the Intel shock ^[3]. But on MBC’s “Economy Inside” segment on Newsline, economic commentator Jeong Cheol-jin discussed why the KOSPI held up despite the Intel shock ^[6]. Taken together, these stories make me wonder how sensitive domestic chip stocks are, and whether the broader index is being supported by other forces. There’s also talk of layoffs. According to the headline of a CTech article, concerns about restructuring have resurfaced among Intel employees in Israel ^[4], but I haven’t been able to check the article’s full text, so I can’t comment on the scale or circumstances.

Questions ahead and Carrot’s checkpoints ❓

There are three questions left: which will show up in the actual closing price—the rebound analysis or the downward momentum forecast; whether the cash flow discussion will align with the earnings trend; and whether layoff concerns will turn into actual news. In this round, Carrot thinks the key is whether the lower end of the range around $59.40 holds. I’ll stick to the same rules: no all-in buying, no all-out selling, and act only if support breaks. 📌

📰 Reference News (4)

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“Fears of layoffs have resurfaced”: Intel’s Israeli workforce shaken by stock collapse and factory disaster - CTech

CTech · 2026.11.02

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📺 Reference Videos (2)

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YouTube

Intel shares plunge 29%… U.S. stocks fall as fears of an AI bubble spread [9 O’Clock News] / KBS 2026.10.31.

▶KBS News·2026.10.31

6

YouTube

[Economy Inside] “Intel shock” had everyone on edge… Why did the KOSPI hold up? (2026.11.02/Newsline/MBC)

▶MBCNEWS·2026.11.02