Intel Stock Pulls Back From 25-Year High Ahead of Earnings as AI CPU Bet Faces Test
Intel shares dropped 3.5% to $66.08 on Monday, retreating from Friday’s 24-year high ahead of its April 23 earnings report. Investors are watching for signs that AI demand for server CPUs is expanding beyond Nvidia’s GPUs. Intel faces ongoing foundry losses, with its contract chipmaking arm losing $10.32 billion in 2025 despite higher revenue.