Intel earnings (NAS100:INTC) will be released on Thursday, as US stocks suffer from Trump’s tariff threats.
INTC – Daily Chart
The price of INTC has some resistance from November to December, which can support the price. If the correction deepens, then support at $32.94 comes in ahead of the stronger gap support at $28.72.
Intel stock has gained more than 25% year to date, but the stock was tested by broader selling in the Nasdaq before a 5% recovery on Tuesday. The company’s stock price was boosted last year by news that the government had taken a stake in the struggling firm. That helped to secure new orders, and the stock has recovered strongly into 2026.
KeyBanc analyst John Vinh noted that Intel’s foundry reached yield rates of more than 60% on its 18A manufacturing process, which are good enough to ramp Panther Lake, according to Wall St Engine on X. Vinh’s research also stated that Intel Foundry Services has landed Apple as a customer.
Intel’s Q4 earnings will be released on Thursday after the US market closes, and more analysts have been adjusting their outlook.
Citi upgraded Intel’s rating from sell to neutral, and raised the price target from $29 to $50. Citi analysts believe the company will benefit from “tightness” in TSMC’s advanced packaging supply.
Bank of America analyst Vivek Arya hosted an investor meeting at CES with Intel investor relations representative John Pitzer. The team now expects in-line or better Q4 sales and gross margin of $13.4 billion and 36.5%, respectively. Analysts added that healthy server sales should offset the initial impact of rising memory prices, which are threatening PC manufacturers.
In a recent CNBC interview, Futurum’s Daniel Newman noted TSMC can’t possibly make enough chips to meet the worldwide demand. Intel isn’t positioned to replace Taiwan Semi in the near-term, but it could emerge as a reliable “second”, and even that would prove sufficient for it to experience a multi-year rally given the sheer scale of current AI chip demand.
