Intel Stock Fell 9% in a Day After Soaring About 270% in the First Half. Buy the Dip Before July 23?
The chipmaker's massive rerating just met its first serious stress test.
Overview
The market spent the first half of 2026 rewarding Intel (NASDAQ: INTC) 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.
Details
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.
Source
Originally published at www.fool.com.