Intel stock slipped in premarket trading on Friday, falling 2.77% to $109.42 as investors trimmed exposure to large-cap technology names.
The move is part of a broader sector pullback, with Nasdaq futures down 0.36% and S&P 500 futures off 0.07% at the time.
Given INTC is still up 372.46% over the past 12 months, Friday’s early dip looks more like profit-taking than anything structural.
Thursday was a different story. Semiconductor stocks caught a bid after Meta Platforms said it plans to double its in-house compute capacity to 14GW next year.
Micron also announced plans to increase U.S. investments to more than $250 billion through 2035, which gave the sector a short-lived boost before Friday’s reversal.
At $110.58, Intel is sitting 11.4% below its 20-day SMA of $124.44 and 5.4% below its 50-day SMA of $116.50.
The stock is still well above its longer-term averages — 31% above the 100-day SMA and 77.6% above the 200-day SMA — so the longer-term trend remains intact.
RSI sits at 45.25, which is neutral. Bulls want to see INTC reclaim the 50-day SMA quickly to confirm the pullback is just a pause.
Key resistance sits at $126.50. Key support is at $102.50 — the level buyers are likely to defend if selling continues.
A golden cross formed back in August 2025, with the 50-day SMA still above the 200-day SMA, keeping the bigger picture constructive.
Intel reports Q2 results on July 23. The Street is looking for EPS of $0.19 and revenue of $14.40 billion.
Stifel raised its price target to $120 from $75 on Friday but kept its Hold rating. The firm flagged risks around longer-term CPU and GPU commentary versus elevated market expectations.
Stifel noted that server CPU average selling prices and GPU yields will be key drivers of any Foundry improvement.
HSBC took a more bullish stance, raising its target to $200 from $100 and maintaining a Buy, citing Intel’s growing foundry capacity and increased external customer engagement.
Analysts broadly expect Intel to be profitable in fiscal 2026, with EPS forecast at $1.12 — a sharp swing from the $0.67 loss posted over the last twelve months.
The Philadelphia chip index surged roughly 94% in the first half of 2026, driven by data center demand and rising capital spending from major tech players.
Intel Capital was among the investors in SambaNova’s recent $1 billion Series F funding round, which valued the AI chip firm at $11 billion.
The post Intel (INTC) Stock Falls 3% as Semiconductor Sector Pulls Back Friday appeared first on CoinCentral.
