Why Is Intel Stock Falling Thursday?

Intel Corp. (NASDAQ:INTC) stock fell in premarket trading Thursday as semiconductor stocks came under pressure after investors reacted negatively to Broadcom Inc.’s (NASDAQ:AVGO) latest AI outlook.

Nasdaq futures were down 1.25%, while S&P 500 futures slipped 0.36%.

After a strong rally over the past year, Intel is also seeing profit-taking as traders reassess valuations and near-term momentum.

The stock is trading below key short-term trend indicators, a setup that can encourage additional selling as investors look for stronger support levels.

Broadcom’s AI Outlook Weighs

Intel shares dropped more than 4% before the opening bell. The decline came as the Nasdaq moved lower and the iShares PHLX SOX Semiconductor Sector Index Fund also lost more than 4%.

The weakness followed Broadcom’s fiscal second-quarter earnings report. Although the company delivered strong results, investors were disappointed that it reaffirmed, rather than raised, its long-term AI semiconductor revenue target.

Intel Technical Analysis

Despite the premarket decline, Intel remains in a long-term uptrend. The stock trades about 25% above its 50-day simple moving average of $86.37, 63% above its 100-day moving average of $66.48 and more than 114% above its 200-day moving average of $50.46.

Near-term momentum has weakened. Shares are about 7% below the 20-day simple moving average of $116.48 and remain under the 20-day exponential moving average of $110.66.

Momentum indicators also suggest the recent rally has cooled. The moving average convergence divergence (MACD) indicator remains below its signal line, while the histogram is negative. That typically signals weakening buying pressure and a loss of short-term momentum.

The broader trend remains constructive following the golden cross that formed in August 2025, when the 50-day moving average moved above the 200-day moving average. However, the stock has entered a consolidation phase after reaching a 52-week high of $132.75 in May.

Key support: $102.50. A break below that level could increase the risk of a deeper pullback toward the 50-day moving average.

Earnings And Analyst Outlook

The next major catalyst is Intel’s estimated earnings report on July 23, 2026.

Analysts expect earnings of 19 cents per share, compared with a loss of 10 cents per share a year earlier. Revenue is projected to rise to $14.40 billion from $12.86 billion in the prior-year quarter.

Wall Street currently has a Hold consensus rating on the stock, with an average price forecast of $80.31. Recent analyst actions include:

• Barclays: Equal Weight, price forecast raised to $100 on June 1.
• Wells Fargo: Equal Weight, price forecast raised to $110 on June 1.
• Mizuho: Neutral, price target forecast to $128 on June 1.

Intel Price Action

INTC Stock Price Activity: Intel shares were down 4.29% at $107.88 during premarket trading on Thursday, according to Benzinga Pro data.