Intel Stock Fell 9% in a Day After Soaring About 270% in the First Half. Buy the Dip Before July 23?
Yahoo Finance ·
The market spent the first half of 2026 rewarding Intel ( INTC 5.61% ) for a manufacturing comeback that is still, in large part, a promise. On Wednesday, it took a meaningful piece of that reward back. Shares of the chipmaker ended June at $139.63 -- up about 270% for the first half of 2026, within reach of their 52-week high of $142.35 and a world away from their 52-week low of $18.97. Then, on Wednesday, the stock sank 9% to $127.02 as investors dumped chip stocks broadly. And the selling continued on Thursday, with shares falling another 5% to $120.35. The VanEck Semiconductor ETF fell more than 5%, one day after closing out its best quarter on record with a 71% gain, after a report that Meta Platforms may sell excess artificial intelligence (AI) computing capacity raised questions about how scarce AI computing will stay. With Intel scheduled to report second-quarter results on July 23, the question is whether this pullback is the entry point latecomers have been waiting for -- or a warning about how much success the price already assumes. Intel entered 2026 already flush with new backers. The U.S. government took a roughly 10% stake in the company last August through an $8.9 billion investment, and Nvidia followed with a $5 billion investment at $23.28 per share -- a deal completed in December -- alongside plans to co-develop products.
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