Intel’s (INTC) stock price has been put to the test this summer alongside a wider sell-off in chip names.
But with the stock beginning to build a new base on the charts, Intel could be one to watch for traders looking for a bullish play.
Here’s your Yahoo Finance AlphaSpace stat to know.
This is the 50-day moving average on Intel, which is ideally the next key test for the stock after it closed above the 100-day moving average on Aug. 4. That marked Intel’s first close above the 100-day moving average since July 24.
Intel’s record high came on June 22 at $140.94. The stock currently trades at $99.56.
Zoom out
There is a bullish story on Intel for investors to return to.
In late July, the company said it notched its strongest revenue growth rate in 15 years in the second quarter. Revenue in all business segments beat Wall Street forecasts. Importantly, its once-floundering chipmaking business continues to improve: Sales in the foundry segment rose 30.5% year over year.
The quarter put a spotlight on the savvy move the US government made in taking an equity stake in Intel in August 2025.
Under the agreement, the Trump administration converted previously awarded — but not yet disbursed — CHIPS Act and Secure Enclave funding into an $8.9 billion investment in Intel common stock. That gave the federal government a 9.9% nonvoting ownership stake. Including earlier CHIPS Act payments, the total federal commitment to Intel reached $11.1 billion.
Since then, Intel stock has skyrocketed about 296%.
Wall Street chatter
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Goldman Sachs analyst James Schneider: “We expect Intel to be a beneficiary of rising server demand (driven by agentic AI), and we see upside optionality from Intel’s role as a US champion with its foundry business – with near-term traction in advanced packaging, and longer-term potential in wafer outsourcing. However, we are Neutral rated on the stock as Intel’s closest peers (i.e. AMD (AMD), Nvidia (NVDA) and Broadcom (AVGO)) offer relatively more revenue visibility and favorable risk/reward in our view.”
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Stifel analyst Ruben Roy:“Our stance is unchanged: the 2026 re-rating has already priced a meaningful chunk of the early turnaround, the multiple sits near TSMC-parity on an price to sales basis, and the most important 14A catalyst, a signed external foundry customer, has not yet arrived. We are optimistic on execution, but remain a Hold for now.”
Brian Sozziis Yahoo Finance’s Executive Editor, host of thePower Players with Brian Sozzipodcast, and a member of Yahoo Finance’s editorial leadership team. Follow Sozzi on X@BrianSozzi,Instagram, andLinkedIn. Tips on stories? Email brian.sozzi@yahoofinance.com.
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