● INTEL PLUNGES 31%, DRAGS NASDAQ INTO SELLOFF

Intel ($INTC) crashed 31% on October 30, its steepest one-day drop in over four decades, after warning it will miss fourth-quarter profit and revenue targets due to supply-chain and memory shortages. The shock dragged the Nasdaq 100 ($QQQ) down 4.2% in a single session, erasing more than $1.5 trillion in market value as investors grew skeptical that massive AI infrastructure spending will pay off. One chipmaker's warning turned into a market-wide reckoning on AI returns.