FeesSafety
Pluang+

Intel stock drops 24% in a month; quantum acquisition hasn't boosted confidence yet

Market News
28 Oct 2026, 21:09 WIB
24/7 Wall Street
View Source
Bearish
Intel stock drops 24% in a month; quantum acquisition hasn't boosted confidence yet

Intel's stock fell 24% over the past month, dropping below $100 after a strong rally earlier in 2026. Despite a 154% gain year-to-date, concerns about AI spending and losses in its foundry business weighed on the stock. Intel's recent $2.3 billion acquisition of quantum software firm Classiq has not yet reassured investors. The upcoming Q3 2026 earnings report and progress on the Classiq deal will be key to determining if Intel can recover above $100 amid broader semiconductor market trends and AI spending uncertainties.

Intel's stock trades at USD 94.26 on Pluang as of Oct 29, 2026 01:21 WIB, down from its 52-week high of USD 140.94 but well above the 52-week low of USD 33.62. Despite recent volatility, Intel's market cap stands at $495.52 billion, reflecting its significant size in the technology sector. The current dividend yield is 2.24%, while Pluang order activity shows a majority of 62% selling versus 38% buying, indicating cautious investor sentiment.

More News (INTC)

Intel stock could rise to $120 as acquisition boosts quantum computing ambitions, says ChatGPT.

Intel stock could rise to $120 as acquisition boosts quantum computing ambitions, says ChatGPT.

Intel announced it will acquire Israeli quantum computing software firm Classiq for about $2.3 billion, aiming to combine Classiq's software with Intel's hardware expertise to build a comprehensive quantum computing business. This move supports Intel...

Market News
Bullish
1 day ago
NVIDIA's CPU revenue set to double, challenging AMD and Intel's dominance in servers and PCs.

NVIDIA's CPU revenue set to double, challenging AMD and Intel's dominance in servers and PCs.

NVIDIA's Vera CPU is already shipping to major hyperscalers, with management expecting CPU revenue to more than double in fiscal 2028. This growth threatens AMD and Intel, who have long dominated the server and PC CPU markets. NVIDIA's Grace CPU has ...

Bullish
1 day ago
Intel rated Buy as AI demand boosts CPU margins and foundry losses shrink, signaling turnaround.

Intel rated Buy as AI demand boosts CPU margins and foundry losses shrink, signaling turnaround.

Intel Corporation is rated a Buy at $85-86 due to improving fundamentals and a turnaround in its foundry business. The DCAI segment margins jumped from 16% to 39.5% year-over-year, driven by CPU shortages and strong pricing amid rising AI demand. Fou...

Analyst Insights
Bullish
2 days ago
Intel jumps 5% on upgrade citing years-long server CPU shortage; AMD and NVIDIA also rise 3%.

Intel jumps 5% on upgrade citing years-long server CPU shortage; AMD and NVIDIA also rise 3%.

Intel's stock surged 5% following a Buy rating upgrade from New Street Research, which highlighted a persistent shortage of server CPUs driven by growing demand from AI applications. The analyst expects supply constraints to last for years, benefitin...

Analyst Insights
Bullish
2 days ago
IBM grows steadily with software cash flow; Intel faces risks betting on costly chip factories without customers.

IBM grows steadily with software cash flow; Intel faces risks betting on costly chip factories without customers.

IBM reported steady revenue growth driven by software and Red Hat, generating strong cash flow and improving margins. Intel showed dramatic revenue growth fueled by AI demand but faces heavy losses in its foundry business, which lacks external custom...

Market News
Neutral
2 days ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App