-3.6% for Intel stock as short-term buyers remain active despite decline

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Intel slides 3.60% on Google TPU news

Highlights

Google committed to purchasing over 3 million Intel TPUs for 2028 delivery, securing a major long-term production contract.
Industry confidence in Intel's advanced foundry tech remains strong, with Nvidia and Cadence expanding collaboration on new manufacturing processes.
Shares face high short-term downside risk, with price expected to consolidate between $96.68 and $115.72 amid heavy selling pressure.

Key customer deals and sector partnerships as shares face selling pressure

Alphabet's Google placed an order with Intel for the manufacture of more than 3 million tensor processing units (TPUs), scheduled for delivery in 2028, as reported by Bloomberg. This major hardware contract signals long-term production planning and confirms demand from a key hyperscale customer, laying the groundwork for future revenue streams. Additional developments included reports that Nvidia is testing Intel's 18A manufacturing process for its next-generation GPUs, though no formal agreement was announced, and a deepened partnership with Cadence Design Systems to advance Intel’s 14A chip production. These actions highlight ongoing industry engagement with Intel’s advanced foundry technology, though price action has remained under broader selling pressure.

Mixed momentum and buyer dominance as price tests session lows

On the hourly chart, INTC is currently trading below both the MA-20 ($106.94) and MA-50 ($109.37), while remaining well above the daily MA-200 at $51.70. The Ichimoku Kijun sits at $105.07, acting as immediate support. Momentum signals are mixed: RSI stands at 50.26 and signals a buy, while MACD, ADX, Stoch RSI, CCI, and AO are neutral. Bull/Bear Power (BBP) is overbought, indicating short-term buyer dominance despite today’s downward move, and the price is trading near session lows with notable volatility.

Downside risk prioritized as volatility bands define short-term scenarios

Over the next two to three trading days, the price is expected to remain within a typical volatility band from $96.68 to $115.72. The probability of a downward move is classified as very high, with a much lower likelihood of a rebound toward higher resistance levels. The baseline scenario points to price consolidation within this corridor, while a bullish reversal scenario would require a clear breakout above resistance. Conversely, a bearish path could materialize if price falls below immediate support.

Viktoras Karapetjanc, expert at Traders Union, sees Intel's recent multi-year order from Google and ongoing industry partnerships as evidence of strong institutional confidence in its foundry roadmap. He notes that despite price weakness and mixed technicals, these fundamental developments enhance Intel’s long-term positioning. Macro and sentiment indicators remain under pressure in the short term, but the base case favors consolidation. 'If Intel capitalizes on these strategic commitments, I believe the company is well placed for positive momentum once market sentiment stabilizes.'

Earlier, analysts noted that optimism around Intel was largely driven by expectations of major future chip orders and manufacturing partnerships rather than immediate financial results. The latest market action demonstrates that, despite these anticipated long-term catalysts, downside risks remain elevated in the near term, making price consolidation around current levels the prevailing scenario to monitor.

Source of Data: INTC Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.