Why Is Intel Stock Falling Wednesday?
Complete. Here is the key summaryIntel stock fell over 2% in Wednesday's premarket to $107.90, extending Tuesday's 9.66% drop as investors trimmed tech exposure amid a broader risk-off market and profit-taking after a strong rally. While long-term trends remain supported by a golden cross and significant distance from moving averages, short-term momentum has weakened with the stock trading below its 20-day and 50-day SMAs. Analysts maintain a consensus Hold rating with an average price target of $88.63, despite recent upgrades from firms like Cantor Fitzgerald and Bank of America.
Intel Corp. (NASDAQ:INTC) stock fell more than 2% in Wednesday’s premarket session as investors continued to trim exposure to technology stocks amid a broader risk-off market.
The stock plunged 9.66% in Tuesday’s regular session and extended those losses before the opening bell. Nasdaq futures were down 0.92%, while S&P 500 futures slipped 0.67%, adding pressure across semiconductor stocks.
After a strong 12-month rally, investors may also be taking profits as markets turn more cautious. Selling pressure tends to intensify in high-beta technology stocks when index futures point lower.
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Technical Picture Turns Mixed
Intel remains in a strong long-term uptrend despite the recent pullback. The stock trades 31% above its 100-day simple moving average and 77.2% above its 200-day simple moving average. The golden cross that formed in August 2025 also continues to support the longer-term trend.
However, the near-term outlook has weakened. Intel is trading 12.6% below its 20-day SMA and 6% below its 50-day SMA, suggesting short-term momentum has faded.
The moving average convergence/divergence (MACD) indicator remains below its signal line, while the histogram is negative. That typically signals weakening bullish momentum until buyers regain control.
Key resistance stands near $126.50, while support is around $102.50.
Earnings And Analyst Outlook
Intel is scheduled to report second-quarter results on July 23. Wall Street expects earnings of 19 cents per share, compared with a loss of 10 cents a year earlier. Revenue is projected to rise to $14.40 billion from $12.86 billion.
Analysts maintain a consensus Hold rating with an average price forecast of $88.63. Recent actions include:
- Cantor Fitzgerald: Neutral; raised its price forecast to $150 on June 29.
- Goldman Sachs: Initiated coverage with a Neutral rating and a $150 price forecast on June 25.
- Bank of America: Reiterated Buy and raised its price forecast to $160 on June 23.
INTC Stock Price Activity: Intel shares were down 2.26% at $107.90 during premarket trading on Wednesday, according to Benzinga Pro data.
Image via Shutterstock
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