New York, January 29, 2026, 08:59 (EST) — Premarket
- Intel shares slipped in premarket trading following a strong rally the day before
- Report says Intel is in talks with Nvidia and Apple about limited production runs in 2028
- A filing revealed CFO David Zinsner purchased Intel shares this week
Intel Corp (INTC.O) shares dipped 1.5% to $48.04 in premarket trading Thursday, following a strong 11% gain that pushed them to $48.78 the previous day. (Investing)
The stock’s volatility is once again tied to a familiar issue: whether Intel can make its factories a genuine business, not just talk. Investors want clear evidence that Intel’s foundry unit — the contract chipmaking arm — can land and retain major clients.
A late Wednesday report revived the notion. DigiTimes noted that Nvidia and Apple are weighing Intel for some limited production runs in 2028, even as their primary orders remain with Taiwan Semiconductor Manufacturing Co. The report mentioned Nvidia’s upcoming “Feynman” graphics processors and a budget Apple Mac chip as part of the talks. (DIGITIMES Asia)
A regulatory filing revealed that Intel CFO David Zinsner purchased 5,882 shares on Jan. 26 at $42.50 apiece, investing roughly $250,000. (SEC)
Intel surged Wednesday, riding a broader rally in chip stocks after South Korea’s SK Hynix reported record quarterly profits and Dutch chip-equipment giant ASML announced its strongest-ever fourth-quarter order backlog, Reuters said. The Federal Reserve opted to keep rates unchanged. “Whether you were bullish or bearish going into the press conference you walked away feeling about the same,” noted Michael James, an equity sales trader at Rosenblatt Securities. (Reuters)
Intel last week projected first-quarter revenue between $11.7 billion and $12.7 billion, anticipating an adjusted break-even result. This follows a fourth quarter with $13.7 billion in revenue and a 15-cent per share adjusted profit. “We expect our available supply to be at its lowest level in Q1 before improving in Q2 and beyond,” CFO David Zinsner stated in the earnings release. CEO Lip-Bu Tan added that Intel is “working aggressively to grow supply to meet strong customer demand” for its 18A manufacturing technology products. (SEC)
The report focuses on 2028, not the upcoming quarter, and centers on supply-chain issues. Any change hinges on Intel meeting challenging manufacturing yield and cost goals, while chip buyers can pivot fast if timelines falter.
Earnings and rate expectations have steered the broader tape, while chip stocks have reacted sharply to every update on AI spending and factory capacity.
Apple’s earnings drop after Thursday’s close is drawing attention for clues on demand and supply-chain investments. Traders will also be probing for signs that either back up or challenge the Nvidia/Apple rumors that stirred Intel shares earlier this week. (Reuters)
