Overview
- Intel shares fell 2.6% Wednesday after the Producer Price Index, a wholesale inflation gauge, jumped 1.4% in April and dented hopes for near-term rate cuts.
- Bank of America raised its Intel price target to $96 but kept an underperform rating because any new foundry work would take years to reach volume production.
- Reports point to a preliminary Intel–Apple manufacturing deal that remains early, with analysts not expecting meaningful output before 2028 and keeping it out of models for now.
- Intel reported a $4.3 billion net loss in Q1 and a $2.4 billion loss in its foundry unit, and analysts warn 18A chip yields and early margin dilution could push the foundry’s 2027 breakeven goal back.
- The stock has added more than $440 billion in market value since late March, even as short sellers absorbed about $12 billion in losses and kept positions near one-year highs.