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Intel stock falls 20% from September high, testing key $100 support level amid foundry losses and cautious outlook.

Market News
13 Oct 2026
24/7 Wall Street
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Bearish
Intel stock falls 20% from September high, testing key $100 support level amid foundry losses and cautious outlook.

Intel's stock has dropped over 20% since its September peak, closing near the critical $100 support level after a series of negative developments including competition in its foundry project and a $2.1 billion loss in that division. Despite strong revenue growth in its core business, concerns over rising capital spending and tighter funding conditions have weighed on investor sentiment. Analysts mostly hold their ratings with a modest upside target, awaiting Intel's upcoming Q3 earnings report for clearer direction. A break below $100 could signal further declines toward $87, while a strong earnings beat might push the stock above $103 resistance.

Intel's market cap stands at $535.75 billion as of Oct 13, 2026, 19:51 WIB, with a dividend yield of 2.24%. On Pluang, the stock trades slightly below the key $100 level at USD 99.37, down 1.95% for the day. Trading volume is robust at over 73 million shares, reflecting active investor interest despite recent price declines. The typical hold time on Pluang is 116 days, indicating a moderately long-term investor base.

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