Intel Stock Holds Key Support Amid Weak Q2 Outlook
Intel shares demonstrated resilience, rebounding above $20 despite a disappointing second-quarter sales forecast. The company reported adjusted first-quarter earnings of $0.13 per share, surpassing expectations, yet projected Q2 revenue below Wall Street consensus.
CEO Lip-Bu Tan acknowledged past innovation shortcomings while pledging to rebuild customer trust. The stock remains technically supported above $18, with potential upside tied to foundry division performance.
Market participants appear to discount near-term headwinds, focusing instead on Intel’s long-term positioning in semiconductor manufacturing. The sideways trading pattern since August 2023 suggests equilibrium between cautious institutional investors and bargain-seeking traders.
