Intel Corp. 6% in the previous session.
The rebound comes even as broader risk appetite remains weak. 51%.
Monday’s decline followed calls from leaders at major artificial intelligence companies, including Anthropic and OpenAI, to slow advanced AI development over safety concerns. The debate fueled worries that slower AI development could eventually weigh on demand for chips and data center hardware.
Intel’s rebound stands out in a weak market. 1.
12%. That suggests Intel’s move reflects selective dip-buying rather than a broader sector rally.
19%. 52%.
41. 96.
71, signaling neutral momentum. Intel’s 20-day SMA remains below its 50-day SMA, a bearish short-term signal.
However, the 50-day average remains above the 200-day SMA, supporting the longer-term trend. 50, while $85 represents a key support area.
74. Piper Sandler initiated coverage with a Neutral rating and a $110 price forecast on Sept.
10. Northland Capital Markets upgraded Intel to Outperform with a $120 forecast on Sept.
8. Mizuho maintained a Neutral rating and lowered its forecast to $92 on Sept.
4. 91 on the Benzinga Edge scorecard.
The reading highlights the stock’s strong relative performance. 50 and move back above its 100-day SMA.
50% weighting in the REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI). These weightings can expose Intel shares to buying or selling tied to flows into and out of the ETFs.
52 at the time of publication Tuesday, according to Benzinga Pro data.
