Intel heads toward $646 billion mark following 9% chip slide
Intel Corporation goes into its July earnings priced more as a foundry and AI rebound play than as an earnings trade for the quarter. Intel shares finished Wednesday at $127.02, down 9.03%, trading around 110.8 million shares. The decline erased Tuesday’s 6.01% jump and put the stock 3.6% under Monday’s close, a smaller two-day move than the Wednesday fall alone. Historical data had Intel at $139.63 on June 30 and $127.02 on July 1.