Intel stock was trading down 3.4% at $116.26 in premarket Thursday, putting it on track for a third straight day of losses after a stunning run that has seen the stock more than triple in 2026 alone.
The selloff follows a UBS note flagging that Intel lost server CPU market share in Q1 2026. On a unit basis, Intel’s share dropped around 370 basis points to 54.9%. AMD picked up 230 basis points, reaching 27.4%, and Arm gained 140 basis points to 17.7%.
UBS analyst Timothy Arcuri put it plainly: “Arm and AMD units outgrew and continued to gain share at the expense of Intel.”
The irony is that the overall pie got bigger. Total server CPU shipments climbed 19% in Q1 versus the same period last year. Intel just didn’t grow as fast as its rivals.
UBS sees the total server CPU market expanding from roughly $30 billion in 2025 to $170 billion by 2030, driven by AI workload demand. That’s a lot of revenue to split.
But Arcuri expects Arm’s instruction set to “capture a disproportionate segment of this growth,” reaching around 40–45% of total units by 2030. Intel and AMD are projected to split the rest roughly equally.
Arm stock was also down 2.7% in premarket Thursday, while AMD slipped 1.5%.
Away from the market share data, there’s been some notable activity inside Intel itself. EVP April Miller Boise sold 40,256 shares on May 1st at an average price of $99.53, totaling around $4 million. That reduced her position by 27.7%, leaving her with 105,077 shares.
On the institutional side, the picture is mixed. Money Concepts Capital Corp trimmed its Intel position by 28% in Q4, while Trek Financial added aggressively — growing its stake by over 400%.
Intel last reported earnings on April 23rd. The company posted EPS of $0.29 for the quarter, well ahead of the $0.01 consensus estimate. Revenue came in at $13.58 billion, beating expectations of $12.32 billion and up 7.4% year-over-year.
For Q2 2026, Intel has guided for EPS of $0.20.
INTC opened Thursday at $120.29. The stock has a 52-week range of $18.97 to $132.75. Its 50-day moving average sits at $64.79, giving some context to just how fast this year’s rally has been.
Intel was a Barron’s stock pick last month when it was trading around $64. The stock has since roughly doubled from that level.
The average analyst rating on Intel remains “Hold” with a consensus price target of $77.38 — well below where the stock is currently trading.
The post Intel (INTC) Stock Drops for Third Day as Server CPU Market Share Falls appeared first on CoinCentral.
