On July 27, Intel rose 3.12% in pre-market trading, trading at approximately $95.04 per share, with turnover of $37.01 million. The stock is recovering from a post-earnings pullback last week, supported by broad semiconductor sector strength and a wave of analyst target price upgrades.
Intel previously reported Q2 revenue of $16.1 billion, up 25% year-over-year — its strongest quarterly growth in nearly 15 years — with adjusted EPS of $0.42, roughly double consensus estimates. Q3 revenue guidance of $15.8–16.8 billion significantly exceeded the Street's $15.1 billion expectation. Despite initial selling pressure driven by a capex increase to $20 billion this year, multiple brokerages have since raised targets: JPMorgan to $85, RBC to $100, Wedbush to $98, and DA Davidson to $100, forming a support floor. Options data shows a Put/Call ratio of just 0.61, indicating continued bullish positioning.
Within the Semiconductors sector, the broader group rebounded in tandem, with Micron Technology up 3.4%, Advanced Micro Devices up 2.86%, Broadcom up 2.25%, Taiwan Semiconductor Manufacturing up 1.69%, and NVIDIA up 1.23%.
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