Intel stock forecast: Can buyers reclaim $100 before October 29 earnings?
Intel is trying to stabilize after a sharp selloff, but company-specific risks are adding another layer of uncertainty. The next test is whether buyers can reclaim $100 and reopen the path toward the 50-day SMA.
93.73
101.25
A second worker has died following the explosion at Intel’s Kiryat Gat facility in Israel a day earlier, while another person remains in serious condition. The company is cooperating with authorities as they investigate the incident, although the potential impact on production has not yet been determined.
Additional uncertainty comes from TSMC’s talks over possible participation in Elon Musk’s Terafab project. The Taiwanese chipmaker is considering expanding capacity in Texas, raising fresh questions about how future orders could be divided between TSMC and Intel.
Reclaiming $100 could open the way toward $103.50
Intel stock is showing its first signs of stabilization, but the price remains below the previously identified key level at $100.
For a more convincing rebound to develop during today’s session, buyers need to recover that level and establish a sustained hold above it. That would bring the 50-day SMA near $103.50 into focus as the next target.
A drop below the October 15 low of $90.02 would invalidate the current setup. If that level fails, the risk of further downside toward the next support area near $85.50 would increase considerably.
October 29 earnings will test the turnaround strategy
Intel’s next major catalyst arrives on October 29 with its third-quarter earnings report. The company previously guided for revenue of $15.8–16.8 billion, so investors will be watching not only the headline numbers but also management commentary on Intel Foundry, 18A and progress with new external customers.
Contract manufacturing will be particularly important because it remains central to Intel’s long-term turnaround strategy. Evidence of continued progress in this business could strengthen investor confidence, while weak results or cautious guidance could keep the stock under pressure.
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