Intel stock drops into long weekend as Citi lifts rating; earnings test looms
New York, Jan 17, 2026, 15:34 EST — Market closed. Intel Corp (INTC.O) shares fell 2.8% on Friday to close at $46.96, down $1.36 from the prior session’s $48.32. About 127.3 million shares changed hands. (Nasdaq) The dip comes after a fast start to the year. Intel is up 31% so far in 2026, a run driven by bets that the chipmaker can win new customers for its foundry business — its effort to make chips for outside designers — Bloomberg reported. (Bloomberg.com) Citigroup leaned into that view on Thursday, upgrading Intel to Neutral from Sell and lifting its price