--- title: "Why Is Intel Stock Falling Wednesday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/292069011.md" description: "Intel 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." datetime: "2026-07-08T12:15:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292069011.md) - [en](https://longbridge.com/en/news/292069011.md) - [zh-HK](https://longbridge.com/zh-HK/news/292069011.md) --- # Why Is Intel Stock Falling Wednesday? **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. **Read Also: Jim Cramer’s Take: GEV, CAT, INTC Still Have Room — But Today Is A Punisher** ## 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_ **Read Also: After Apple, Intel Raises Chip Prices by Up to $50, Citing 'Market Dynamics'** ### Related Stocks - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [04335.HK](https://longbridge.com/en/quote/04335.HK.md) - [INTW.US](https://longbridge.com/en/quote/INTW.US.md) - [LINT.US](https://longbridge.com/en/quote/LINT.US.md) - [INYY.US](https://longbridge.com/en/quote/INYY.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [GEV.US](https://longbridge.com/en/quote/GEV.US.md) - [CAT.US](https://longbridge.com/en/quote/CAT.US.md) - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [BAC.US](https://longbridge.com/en/quote/BAC.US.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [W4VR.SG](https://longbridge.com/en/quote/W4VR.SG.md) - [BAC-Q.US](https://longbridge.com/en/quote/BAC-Q.US.md) - [BML-L.US](https://longbridge.com/en/quote/BML-L.US.md) - [BAC-L.US](https://longbridge.com/en/quote/BAC-L.US.md) - [BAC-K.US](https://longbridge.com/en/quote/BAC-K.US.md) - [BML-H.US](https://longbridge.com/en/quote/BML-H.US.md) - [BAC-N.US](https://longbridge.com/en/quote/BAC-N.US.md) - [BAC-E.US](https://longbridge.com/en/quote/BAC-E.US.md) - [MER-K.US](https://longbridge.com/en/quote/MER-K.US.md) - [BAC-O.US](https://longbridge.com/en/quote/BAC-O.US.md) - [BML-G.US](https://longbridge.com/en/quote/BML-G.US.md) - [BAC-M.US](https://longbridge.com/en/quote/BAC-M.US.md) - [BAC-B.US](https://longbridge.com/en/quote/BAC-B.US.md) - [BML-J.US](https://longbridge.com/en/quote/BML-J.US.md) - [BAC-S.US](https://longbridge.com/en/quote/BAC-S.US.md) - [BAC-P.US](https://longbridge.com/en/quote/BAC-P.US.md) - [8648.JP](https://longbridge.com/en/quote/8648.JP.md) ## Related News & Research - [Intel Corp Shows Q2 Results and Free Cash Flow - Shorting INTC Puts is Still the Best Play](https://longbridge.com/en/news/293847241.md) - [Intel Stock Just Got a Stunning Price Target Hike Ahead of Earnings. 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