What triggered Intel shares' latest price pullback

Traders Union
All News
Financial News
Intel slides 6.54% today to $102.96

Highlights

Google ordered over 3 million TPUs from Intel for 2028, highlighting Intel's traction in advanced chip manufacturing.
Nvidia is evaluating Intel's 18A process as a potential foundry partner for future AI chips, supporting Intel's foundry strategy.
Intel trades under short-term pressure but retains a medium- and long-term bullish trend, with a projected price range of $90.12 to $122.22 and high probability of an upward move.

Foundry orders draw focus as price action faces sell-off

Multiple reports stated that Google placed an order with Intel to manufacture over 3 million Tensor Processing Units (TPUs) for 2028. It was also reported that Nvidia has begun initial trials of Intel’s 18A manufacturing process and is considering the company as a backup foundry for future AI chips, though no contract has been finalized. These developments highlighted Intel’s position in advanced semiconductor manufacturing and drew focus to its foundry and restructuring efforts, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, sees clear signs of short-term weakness in Intel's price despite positive long-term indicators. He notes the momentum oscillators are sending conflicting signals, reflecting serious uncertainty. The recent partnership news with Google and Nvidia has failed to offset the heavy session selloff. Kharitonov is wary of the steep 6.54% decline, viewing it as potential evidence of deeper structural issues. He warns that a break below $90.12 would likely accelerate further downside. "Current bullish signals are unreliable when sharp drops undermine market confidence — capital preservation is key here."

Viktoras Karapetjanc, expert at Traders Union, highlights Intel's robust positioning after major order news from Google and a potential new partnership with Nvidia. He sees the foundry strategy as transformative and expects these breakthroughs to attract more institutional attention. Karapetjanc believes the technical setback is a short-term reaction, while the overall bullish structure remains fully intact. He notes that all key weekly indicators point to a strong buy in the coming days. "Opportunities are opening for investors with a bullish outlook — further growth is expected as Intel's competitive momentum accelerates."

Parshwa Turakhiya, analyst, views Intel's session as a clash between technical volatility and positive sentiment from recent news. He observes that price remains within a broad range, yet intraday signals are flashing caution after the early selloff. Turakhiya notes strong upside setups from the weekly indicators but urges traders to watch for a clean break above $113.93 before committing. "This is a sentiment-heavy setup — I see short-term opportunity if buyers defend support, but I would wait for confirmation before turning bullish."

Mixed momentum and overbought signs as intraday volatility spikes

Momentum indicators show mixed signals: the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) remain bullish, yet the Commodity Channel Index (CCI) trends negative and the Relative Strength Index (RSI) holds in mid-range with a buy signal. Stochastic RSI and Hull Moving Average both indicate strong upside potential, although the Bull/Bear Power (BBP) reflects buyer dominance but sits in an overbought state (1.52). The stock has moved down $7.21 or 6.54% so far today, following an upside gap of roughly $1.68 at the open. The price currently sits in the lower part of its daily range with intraday volatility standing at 12.90%. This points to intraday pressure after the open. Conflicting signals between oscillators and momentum indicators suggest caution, as the sharp drop on the session does not fully align with underlying bullish momentum.

Earlier, analysts noted that Intel’s near-term prospects were clouded by downside risks despite long-term optimism stemming from major foundry partnerships. Today’s sharp sell-off alongside mixed momentum signals suggests that, while medium- and long-term trends remain constructive, traders should monitor the key support at $90.12 as a potential pivot for renewed volatility or stabilization.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.