Intel plunged 28.6% for its worst drop since 1974 — and the S&P 500 had its worst day since June

fortune.com · 2026-10-30

A drop of 4.2% for Nvidia, the chip company that became the poster child of the AI frenzy, was the heaviest force pulling the S&P 500 downward.

TickrTrends take: Broad market turbulence like the S&P 500's worst day since June creates challenging conditions for evaluating individual stocks, particularly in sectors like Financial Services where valuations can shift rapidly based on investor risk appetite. Given TickrTrends' current assessment that COIN is overvalued, periods of significant market stress warrant attention to whether the company's valuation multiple contracts to more justified levels or remains elevated despite broader market deterioration. Investors focused on valuation metrics should monitor whether COIN's premium relative to peers narrows as market conditions tighten.

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