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Intel’s woes wipe out $1 trillion of semiconductor market cap in one day — PC market bloodbath leaves few chip stocks unscathed

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Intel’s woes wipe out $1 trillion of semiconductor market cap in one day — PC market bloodbath leaves few chip stocks unscathed

Intel's shares plunged 30% on Friday, wiping out nearly $150 billion in market capitalization in a single day, the largest single-day loss in the company's history. The decline followed a disappointing financial outlook, largely driven by an anticipated drop of more than 20% in sales at Intel's client computing group (CCPG), the company's main cash cow. The declines quickly spread across the semiconductor industry. Although losses elsewhere were nowhere near as severe as Intel's, approximately $1 trillion in semiconductor market capitalization was wiped out on Friday, according to intraday estimates by Benzinga.

The PHLX Semiconductor Sector Index (SOX), which tracks the stock performance of 30 major semiconductor companies, is one of the key indicators of the industry's financial health. On Friday, the index plunged 9.14%, or 1,052.82 points, to 10,465.38 points as of 2:31 PM ET, as Intel's disappointing outlook triggered a massive selloff across the semiconductor industry.

Intel was by far the biggest loser, as other chip-related stocks, while Arm (-12.68%), AMD (-12.48%), Qualcomm (-12.14%), Applied Materials (-8.73%), ASML (-8.13%), Lam Research (-8%), Micron (-7.28%), and Broadcom (-7.1%) suffered considerably less. Then again, while Nvidia lost 5.66% of its market cap, this translates to around $270 billion, which is a massive amount of money. Paradoxically, Nvidia lost more market capitalization in absolute dollar terms than Intel.

Intel VP Robert Hallock sets Nova Lake expectations, teases return to Raptor Lake for DDR4 platforms CPU scaling with DLSS Intel's one-two punch plan in desktop CPUs is taking shape Benchmarking AMD's BC-250, offering Steam Machine-like performance at half the price AMD splits Zen 7 into three EPYC families for 2028 and starts selling server CPUs by the agent


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