NEW YORK, June 29, 2026, 09:07 EDT
- Intel gained 0.51% before the bell, while the iShares Semiconductor ETF NASDAQ:SOXX added 1.34%.
- The stock dropped 8.95% in the past five days, but it’s holding a 247.75% gain for the year, according to MarketWatch data.
- U.S. cash equities were trading before the open, with NYSE’s main session set for 9:30 a.m. ET. The next 2026 closure on the calendar is July 3 for Independence Day observed.
- The key for investors is 14A timing and foundry proof, not just the chip sector’s bounce on Monday.
Intel Corporation NASDAQ:INTC moved up slightly premarket Monday, lagging the chip sector. The stock has already priced in a rebound, so traders want to see results.
Intel traded 0.51% higher at $128.97 as of 8:43 a.m. EDT, rebounding after dropping 3.42% on Friday, according to MarketWatch. The iShares Semiconductor ETF NASDAQ:SOXX moved up 1.34%. Taiwan Semiconductor Manufacturing Co Ltd ADR NYSE:TSM added 1.26%, Nvidia NASDAQ:NVDA climbed 0.96%, and Advanced Micro Devices NASDAQ:AMD was up 0.90% ahead of the bell.
| Security | Premarket price | Premarket move | Prior close move |
|---|---|---|---|
| Intel NASDAQ:INTC | $128.97 | up 0.51% | fell 3.42% |
| iShares Semiconductor ETF NASDAQ:SOXX | $597.82 | up 1.34% | dropped 5.64% |
| TSMC ADR NYSE:TSM | $437.78 | gained 1.26% | off 0.61% |
| Nvidia NASDAQ:NVDA | $194.38 | up 0.96% | down 1.64% |
| AMD NASDAQ:AMD | $526.25 | rose 0.90% | off 2.06% |
The gap matters now that Intel isn’t just a lagging chip stock. Shares have surged 247.75% this year and 472.86% over the last year, despite dropping 8.95% in the last five days. Intel carries a $644.94 billion valuation according to MarketWatch, but still reports negative EPS of 63 cents with no P/E ratio.
| Company | Five-day move | YTD move | Market value | P/E / EPS |
|---|---|---|---|---|
| Intel NASDAQ:INTC | fell 8.95% | up 247.75% this year | $644.94 bln | N/A / -$0.63 |
| Nvidia NASDAQ:NVDA | off 7.73% | gained 3.23% year to date | $4.66 trln | 29.48 / $6.53 |
| AMD NASDAQ:AMD | down 5.45% | up 143.55% year-to-date | $850.49 bln | 171.18 / $3.05 |
| TSMC ADR NYSE:TSM | dropped 7.55% | rose 42.27% so far in 2024 | $1.9 trln | 35.93 / $12.03 |
Wall Street got a lift from a better mood in futures trading. Reuters said S&P 500 futures were up 0.84% and Nasdaq 100 futures gained 1.17% at 8:23 a.m. ET, with major indexes on track to open higher. Peter Andersen at Andersen Capital Management told Reuters most players would likely stay in a “holding pattern through the rest of this week.” Reuters
The Intel story isn’t really about what happened on Monday. The focus is on whether the foundry effort can match the stock’s run. Reuters last week said any advanced Apple Inc NASDAQ:AAPL-Intel production is still some way off. Malcolm Penn, Future Horizons CEO, told Reuters that even in the best scenario, first chips are two to three years away. He called the deal a “huge leap of faith and commercial and financial risk.” Reuters
Bob O’Donnell at TECHnalysis Research told Reuters Apple might look to use Intel’s 14A process, which is slated for 2028 or 2029. He called a potential deal “extremely important” for Intel’s foundry group and for chipmaking in the U.S. Paul Meeks of Freedom Capital Markets was more direct, saying investors are “pricing in perfect execution” from a company that he said hasn’t delivered in two decades. Reuters
Bulls got something to work with in April. Intel’s first-quarter revenue came in at $13.6 billion, a 7% year-over-year gain. Non-GAAP EPS was 29 cents. Intel Foundry revenue delivered $5.4 billion, up 16%. Data Center and AI brought in $5.1 billion, up 22%. For the second quarter, Intel guided for revenue between $13.8 billion and $14.8 billion.
Intel CEO Lip-Bu Tan said in April that AI demand was pushing up orders for Intel CPUs, wafers and advanced packaging. In June, Intel spun advanced packaging into its own foundry unit, putting Seok-Hee Lee in charge. Tan called “advanced packaging and system integration” key for future computing systems. Intel Corporation
That’s the stock split. Intel is up in premarket Monday as chips rally, but lagging the ETF. On the one-year chart, it looks like the 2028 play is already in the stock. Investors will be watching if 14A demand, packaging volume or foundry margins shift before the valuation does.
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