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Intel’s stock crashes, knocking $12B from government’s stake

March 12, 2016 | TechCrunch AI
Intel’s stock crashes, knocking $12B from government’s stake
This rout reduced the value of Intel’s holdings by the government by $12 billion, CNBC reports. The Trump administration had the government buy 10% stake over a year ago. Nvidia, which also took a big stake in Intel in 2025, saw its stock drop a bit on Friday as well. Much of the tech industry — especially chipmakers — were caught in the sell-off. Intel’s stock is still a profitable investment for the government so far (and for Nvidia), as it’s up more tha