Many of this year's hottest stocks are the biggest decliners in premarket trading Thursday after sharp drops in the previous session.
For now, today's pullback serves as a reminder that even compelling long-term growth stories can experience meaningful volatility.
At $139.63, Intel (NASDAQ:INTC | INTC Price Prediction) is a hold.
Chip stocks notched historic gains in the second quarter as investors widened their AI portfolio to include names other than Nvidia. Memory maker Micron led the way, jumping more than 240%, while Intel jumped 216% and Advanced Micro Devices climbed 186%.
Intel INTC stock rallied 7% in trading on Tuesday as investors reacted to renewed optimism around artificial intelligence infrastructure spending and continued strength across the semiconductor sector. Other chip stocks also moved higher on Tuesday as chip stocks closed out a historic run in the second quarter.
Chip stocks are catching a strong risk-on bid at midday Tuesday, with mega-cap semiconductors leading the broader tape higher.
The latest trading day saw Intel (INTC) settling at $131.72, representing a +2.65% change from its previous close.
Chip stocks including Intel (INTC), Advanced Micro Devices (AMD), and Arm Holdings (ARM) opened in the red this morning mostly due to technical quarter-end positioning. Amidst a lack of fresh positive catalysts, lingering earnings pressure and macroeconomic caution are also adding to the weakness in these semiconductor names on Jun. 29.
Although HP (NYSE: HPQ | HPQ Price Prediction), Intel (NASDAQ: INTC), and Xerox (NASDAQ: XRX) each defined an entire category of American hardware, Wall Street no longer prices them as peers.
Intel (NASDAQ:INTC | INTC Price Prediction) and Taiwan Semiconductor Manufacturing (NYSE:TSM) both posted Q1 2026 results that frame the same question from opposite sides: who builds the world's most advanced chips, and where.
Intel (INTC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
It is the centerpiece of President Trump's drive to make more chips in the United States, but the company still has a long way to go before it can be called a complete turnaround.