Intel stock slides premarket despite HSBC upgrade as tariff jitters hit tech
Intel shares fell 2.8% to $46.96 in premarket trading Tuesday, ahead of its quarterly earnings report due Thursday. HSBC upgraded the stock to Hold and raised its price target to $50, citing strong server CPU demand. Options markets signal traders expect a ±7.5% move after results. Broader market sentiment weakened after President Trump threatened new tariffs on Europe over Greenland.