Intel's Brutal Ride: Down 57% From Peak, Still Up 58% This Year

Intel's stock slid another 6% today, extending a historic collapse. Friday's 29% drop was the biggest single-day decline since 1971, according to Kobeissi Letter. Over just 86 trading days, the chipmaker has fallen 57% from its record high, wiping out $440 billion in market value.

The plunge is stunning for a company that was riding high just months ago. But the whiplash doesn't end there. Despite the recent bloodbath, Intel shares are still up 58% for the year, a reminder of how massive its prior rally was.

Kobeissi Letter described the situation as insane. The numbers certainly back that up. The outlet didn't point to a specific catalyst for the latest leg down.

For investors, the ride has been nauseating. Whether Intel can find a floor after such a violent reversal is the big question. For now, the chart tells a story of dizzying highs and crushing lows.