Intel stock sees worst fall since 1970, plant shutdown in Israel hurt, US government loses billions
Intel shares fell 28.58% on Friday to $65.76. The decline followed a weaker-than-expected forecast that reflected an extended shutdown at a chip plant in Israel and continued weakness in the personal computer market. According to CNBC, the stock was headed for its worst day since 1974 and its second-steepest decline on record.The sell-off erased about…