Intel shares drop nearly 10% in two days as US yields and oil pressure tech stocks

invezz.com (Dutch) —

Intel shares fell nearly 10% over two trading days, closing Monday around $116.03, as rising US Treasury yields, expensive oil, and pressure on tech stocks triggered profit-taking after a strong 2026 run. The decline was macro-driven, with no new earnings warning. Intel's latest quarter showed revenue of $16.1 billion, up 25% year-over-year, with adjusted earnings beating expectations. Server processor demand remains strong, though traditional PC demand is weak. Analysts are split on the outlook. TD Cowen holds a Hold rating with a $115 target, while Melius Research maintains a Buy rating with a $165 target, citing potential value in Intel's products and foundry businesses.


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Intel shares drop nearly 10% in two days as US yields and oil pressure tech stocks | News Minimalist