New York, Feb 1, 2026, 15:17 EST — The market has closed.
Intel’s stock dipped 4.4% on Friday, ending the day at $46.47 after fluctuating between $45.97 and $49.56. Trading volume hit roughly 114.9 million shares.
The decline unfolded amid a downtrend in U.S. stocks, with the Nasdaq dropping 0.94% and the S&P 500 retreating 0.43%. Investors digested the news that Kevin Warsh is Donald Trump’s choice to lead the Federal Reserve once Jerome Powell’s term ends in May. Angelo Kourkafas of Edward Jones noted, “There’s a combination of investor concerns around the Fed chair announcement, mixed tech earnings and lingering inflation pressure.” Reuters
With markets closed over the weekend, chip stocks will look for direction early next week as Advanced Micro Devices is set to release its earnings on Feb. 3 after the market closes, followed by Qualcomm’s results on Feb. 4, according to the companies. AMD
On Friday, The Vanguard Group disclosed beneficial ownership of 404.5 million Intel shares, representing 8.11% of the company’s common stock. The filing, an amended Schedule 13G, is a short-form report usually filed by major investors holding shares passively. intc.com
Intel’s shares slid again just over a week after the company projected first-quarter revenue between $11.7 billion and $12.7 billion. It also warned that supply would hit its lowest point in the March quarter before picking up in Q2. CEO Lip-Bu Tan described the launch of its first products using the “Intel 18A” process as a “significant milestone.” Meanwhile, CFO David Zinsner highlighted “industry-wide supply shortages.” intc.com
The policy landscape remains unsettled. On Friday, Trump nominated Warsh, a former Fed governor, but his Senate confirmation looks tough—some Republicans are already pushing back, Reuters reported. Reuters
The Producer Price Index, measuring prices businesses get for their goods and services, climbed 0.5% in December — its largest increase since July — surpassing economists’ expectations, the Labor Department reported. Meanwhile, the Fed kept its benchmark rate unchanged this week, holding it between 3.50% and 3.75%. Reuters
Intel-specific worries remain unresolved. Last week, the company revealed supply shortages are hampering its ability to keep up with AI-driven demand for data-center chips. Some analysts suggest the stock’s previous surge outpaced the near-term fundamentals. Reuters
Investors are gearing up for Monday’s reopening with a keen eye on Friday’s January jobs report. The U.S. Bureau of Labor Statistics will drop its Employment Situation report on Feb. 6 at 8:30 a.m. ET—a key data point that could shake up rate forecasts and, in turn, tech and chip stocks. bls.gov
