S&P 500 trackers are not re-weighted.

Standard and Poors periodically updates the S&P 500 with the 500 largest companies. Intel will one day likely be removed, just like one day apple will be. It may be a while but it’ll happen.

Companies come and go from it all the time:

https://www.inc.com/ilan-mochari/innosight-sp-500-new-compan...

In the context of your comment

"Unless you bought inte directly, the rewighting should handle it. Unless it fails quickly and spectacularly"

I would find little comfort in the fact that if Intel goes down 85% -slowly but somewhat spectacularly- from its current level it will eventually be excluded from the index.

Cisco used to have a massive market cap. Greatest in the country. Now it’s absolutely unremarkable compared to FAANG et al. It went from $80 to $12.

The fact that I had to google for the details of its fall gives me comfort that when intels time comes it won’t cause harm on its slow exit.

The only harm done is the money lost on that particular investment, of course.