# XLK Drops 8.29% in October as Intel Leads Technology Stock Losses By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/45915 Published: 2026-11-01T15:12:48.000Z Updated: 2026-11-01T15:12:48.000Z Section: Investing > Intel fell 45.20% after its fourth-quarter guidance missed estimates. PTC gained 33.50% after Schneider Electric agreed to acquire it for $205 per share. The State Street Technology Select Sector SPDR ETF (XLK) fell 8.29% in October as rising financing costs prompted questions about whether artificial intelligence infrastructure investment would keep its pace. Intel dropped 45.20%, the steepest decline among the stocks highlighted, after its fourth-quarter revenue, earnings and gross-margin guidance came in below estimates. Sandisk, Coherent and Teradyne also recorded sharp losses. PTC gained 33.50%, the strongest advance among the stocks highlighted, after Schneider Electric agreed to acquire it for $205 per share. Gen Digital and Roper Technologies also rose sharply. Technology shares faced broader pressure in October, with the [Nasdaq Composite losing ground]() as markets debated the costs and potential returns of AI investment. ## Links in this article - [Nasdaq Composite losing ground](https://www.tokenpost.com/news/investing/45399)