Intel Corporation ($INTC) Stock Forecast: Down 5.5% Today

What is Intel Corporation?

Intel Corporation (INTC) is a leading technology company recognized for its semiconductor manufacturing and innovation. The stock witnessed a significant bearish movement in response to overall market conditions.

Why is Intel Corporation going down?

INTC stock is down 5.5% on Sep 18, 2024 15:01

• Despite recent developments regarding an expanded partnership with Amazon, INTC stock experienced a bearish trend.
• The stock's downturn could be attributed to general market trends or specific industry challenges affecting Intel.
• Investors may be exercising caution in light of uncertainties related to the impending Fed rate decision, prompting profit-taking actions in tech stocks like Intel.
• While the collaboration with Amazon and AWS for custom chip development shows promise, short-term market factors might have clouded this positive development for Intel.

INTC Price Chart

INTC News

Company News for Sep 18, 2024

Companies In The News Are: FERG, MSFT, INTC, ACN.

https://www.zacks.com/stock/news/2337539/company-news-for-sep-18-2024

Intel and Amazon Expand Partnership: Time to Buy These Iconic Tech Stocks?

As markets rise in anticipation of the Fed cutting rates tomorrow, Intel (INTC) and Amazon (AMZN) have helped lead the broader rally among tech stocks after announcing plans to expand their partnership.

https://www.zacks.com/commentary/2337432/intel-and-amazon-expand-partnership-time-to-buy-these-iconic-tech-stocks

Amazon's Leaner Structure and AI Chip Partnership with Intel Could Boost Growth: BofA Analyst - Amazon.com ( NASDAQ:AMZN )

BofA Securities analyst Justin Post maintained a Buy rating on Amazon.Com Inc AMZN with a price target of $210.

https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40904754/amazons-leaner-structure-and-ai-chip-partnership-with-intel-could-boost-growth-bofa

What's Going On With Amazon Stock? - Amazon.com ( NASDAQ:AMZN )

Amazon.com, Inc. AMZN shares are trading higher Tuesday after the company announced the expansion of its collaboration with Intel Corp. INTC on Monday. After Monday's closing bell, Amazon announced the expansion of its collaboration with Intel Corp.

https://www.benzinga.com/news/large-cap/24/09/40904271/whats-going-on-with-amazon-stock

Intel Extends Collaboration With AWS for Custom Chip: Stock to Gain?

INTC expands collaboration with AWS to develop an AI fabric chip leveraging its most advanced Intel process node.

https://www.zacks.com/stock/news/2337281/intel-extends-collaboration-with-aws-for-custom-chip-stock-to-gain

Trending Today

Toncoin ($TON) Crypto Forecast: Up 5.3% Today

Dogecoin ($DOGE) Crypto Forecast: Up 5.1% Today

Binance Coin ($BNB) Crypto Forecast: Up 5.1% Today

Cloudflare Inc. ($NET) Stock Forecast: Up 5.4% Today

ON Semiconductor Corporation ($ON) Stock Forecast: Up 5.2% Today

ZCash ($ZEC) Crypto Forecast: Up 8.6% Today

Duolingo Inc. ($DUOL) Stock Forecast: Up 6.3% Today

Marvell Technology Group Ltd. ($MRVL) Stock Forecast: Up 5.1% Today

Decentraland ($MANA) Crypto Forecast: Up 8.5% Today

Sirius XM Holdings Inc. ($SIRI) Stock Forecast: Up 5.5% Today

Intel Corporation Price History

18.08.2024 - INTC Stock was down 5.5%

• Despite recent developments regarding an expanded partnership with Amazon, INTC stock experienced a bearish trend.
• The stock's downturn could be attributed to general market trends or specific industry challenges affecting Intel.
• Investors may be exercising caution in light of uncertainties related to the impending Fed rate decision, prompting profit-taking actions in tech stocks like Intel.
• While the collaboration with Amazon and AWS for custom chip development shows promise, short-term market factors might have clouded this positive development for Intel.

03.08.2024 - INTC Stock was down 5.1%

• Concerns have been raised about Intel's potential removal from the Dow Jones Industrial Average, owing to its stock price trajectory, thus impacting the bearish market movement.
• The negative investor sentiment towards INTC is influenced by declining earnings estimates and underperformance relative to peers, which has further affected the stock's performance.
• The upcoming presentation by Intel's CEO, outlining a major asset sale and cost-cutting plan that includes halting a significant project in Germany, suggests a strategic pivot within the company that may unsettle investors and negatively impact the stock price.
• Despite reports of Intel exploring a split of its business units, resulting in an initial surge in the stock price, general uncertainty surrounding the company's future direction and competition in the AI chip industry could have diminished investor confidence, contributing to the bearish movement witnessed today.

30.07.2024 - INTC Stock was up 5.5%

• INTC stock experienced a strong bullish movement.
• The confirmation that Intel's 13th and 14th Gen laptop chips are not affected by the Vmin Shift Instability issue likely boosted investor confidence in the company's product stability.
• Exploration of strategic options and positive sales results from Marvell Technology may have contributed to the bullish sentiment surrounding INTC stock.
• The positive market sentiment towards semiconductor companies, as highlighted by the Nasdaq Composite's gain, could have also played a role in driving INTC stock higher.

17.08.2024 - INTC Stock was up 6.4%

• Intel's stock (INTC) experienced a strong bullish movement following several positive developments:
• CEO Pat Gelsinger's clarification on the company's restructuring stance boosted investor confidence.
• Securing a multi-year, multi-billion-dollar chipmaking deal from Amazon's cloud unit and winning a U.S. semiconductor grant added to the positive sentiment.
• Reports of potential federal funding of up to $3 billion for military chip production further fueled the stock's surge.
• Losing out on a chip deal for Sony's PlayStation 6 to AMD in 2022 did not deter Intel's bullish momentum today, indicating that investors are focusing more on the recent positive news.
• The overall bullish market movement of Intel's stock could be attributed to a combination of strategic partnerships, government support, and market optimism surrounding the company's future prospects in the semiconductor industry.

17.08.2024 - INTC Stock was up 9.2%

• Intel's stock (INTC) experienced a bullish movement today.
• Analysts predict a spin-off ahead for Intel, but the company's slow-burn strategy seems to be in no rush, according to industry experts.
• CEO Pat Gelsinger's clarification on restructuring and securing a multi-billion-dollar chipmaking deal from Amazon's cloud unit, along with winning a U.S. semiconductor grant, contributed to the upward momentum of Intel's stock.
• Losing out on a chip deal for Sony's PlayStation 6 to AMD in 2022 may have been a setback, but recent positive developments seem to have boosted investor confidence in Intel's future prospects.

17.08.2024 - INTC Stock was up 5.9%

• The surge in Intel's stock was driven by the extension of its collaboration with Amazon Web Services (AWS) to develop a custom AI fabric chip, showcasing potential for growth and innovation.
• Investor confidence in Intel's future prospects received a boost with the announcement of a multi-year, multi-billion-dollar chipmaking deal from Amazon's cloud unit.
• Analysts view Intel's strategic moves positively, including CEO Pat Gelsinger's restructuring plans and the company's focus on long-term growth, which has led to positive market sentiment and a bullish trend in the stock price.
• Intel's partnership with Amazon and the development of advanced technologies like the AI fabric chip highlight the company's dedication to competitiveness in the semiconductor industry, generating investor interest and contributing to the stock's upward momentum.

04.08.2024 - INTC Stock was down 6.6%

• Intel's stock (INTC) faced a bearish movement possibly due to concerns surrounding its AI strategy and declining earnings estimates.
• The hiring of Keith Strier from a competitor by Advanced Micro Devices (AMD) to lead their AI vision may have raised doubts about Intel's competitiveness in the AI market.
• Gender disparity in top chipmakers like competitors could have impacted investor sentiment towards Intel.
• The potential removal of Intel from the Dow Jones Industrial Average due to its stock price trajectory may have added to the negative perception surrounding the company.

30.07.2024 - INTC Stock was up 9.5%

• Intel's stock experienced a strong bullish movement today, with shares jumping 9.5% in the morning session.
• The surge in Intel's stock price can be attributed to reports that the company is exploring options, including the split of its product-design and manufacturing businesses. This news has sparked investor optimism and interest in the company's potential strategic moves.
• Analysts and market experts are discussing Intel's turnaround plan and the impact it could have on the company's future performance and market position.
• Overall market conditions, with the Dow, S&P 500, and Nasdaq showing little change, indicate that Intel's significant stock movement is primarily driven by company-specific news rather than broader market trends.

30.07.2024 - INTC Stock was up 9.1%

• INTC stock saw a positive movement following considerations being made about potential strategic changes, such as a company split, to rejuvenate its operations.
• Investor excitement was fueled by Intel's exploration of different options, like a merger or split, to navigate its current obstacles.
• The market reacted favorably to the news of Intel's exploration of strategic alternatives, causing a significant increase in the stock price.
• Intel's openness to adapt and consider new approaches demonstrates its determination to overcome its challenges, suggesting a possible turnaround in the company's performance.

30.07.2024 - INTC Stock was up 6.5%

• Intel's stock witnessed a notable upswing today following reports of the company exploring strategic options and contemplating splitting its foundry business for sustainability.
• Strong sales figures from Marvell Technology also played a role in fostering a positive atmosphere within the semiconductor sector, bolstering investor trust.
• The overall optimistic trajectory in the US markets, exemplified by significant indices like the Nasdaq Composite and S&P 500 advancing, further underpinned the favorable progression of Intel's stock.
• The market appears to be responding favorably to Intel's proactive stance in tackling its obstacles and seeking avenues to augment its competitiveness in the semiconductor sphere.

30.07.2024 - INTC Stock was up 7.0%

• Intel's stock surged amid speculation about the company's potential sale of its foundry business, suggesting a strategic reorganization that could create new value.
• Intel's confirmation that its laptop chips are not impacted by a recent voltage issue provided reassurance to investors, underlining the reliability of the company's products.
• The broader market landscape, marked by steady performance of the Dow, S&P 500, and Nasdaq, may have influenced Intel's positive momentum as investors showed interest in individual stock opportunities.

16.08.2024 - INTC Stock was up 5.0%

• INTC stock experienced a strong bullish movement on the recent day.
• The positive market movement is linked to Intel becoming eligible for up to $3.5 billion in federal grants for semiconductor production for the Pentagon and securing about $2 billion in state aid for a new chip plant in Poland.
• These financial incentives exhibit faith in Intel's future growth and technological advancements, elevating investor confidence and propelling the stock price.
• Despite challenges encountered by other companies in the semiconductor industry, Intel's strategic investments and government support have positioned it well for long-term success in the market.