New York, January 29, 2026, 08:59 (EST) — Premarket
- Intel shares dipped in premarket action after yesterday’s strong rally
- Intel is reportedly discussing limited production runs for 2028 with Nvidia and Apple, a new report reveals
- A recent filing showed CFO David Zinsner bought Intel shares earlier this week
Intel Corp (INTC.O) shares fell 1.5% to $48.04 in premarket trading Thursday, after jumping 11% to $48.78 the day before. Investing.com
Volatility in the stock is again linked to a well-known challenge: can Intel turn its factories into a real business instead of just promises? Investors are looking for solid proof that Intel’s foundry unit—the contract chipmaking division—can secure and keep big clients.
A report late Wednesday reignited speculation that Nvidia and Apple might lean on Intel for some limited production in 2028. DigiTimes said both companies are still keeping Taiwan Semiconductor Manufacturing Co. as their main supplier. The piece highlighted Nvidia’s upcoming “Feynman” GPUs and a lower-cost Apple Mac chip as part of the discussions. DIGITIMES Asia
A regulatory filing showed Intel CFO David Zinsner bought 5,882 shares on Jan. 26, paying $42.50 each for a total near $250,000. SEC
Intel jumped Wednesday, boosted by a broader chip stock rally after South Korea’s SK Hynix posted record quarterly profits and Dutch chip-equipment leader ASML revealed its largest-ever fourth-quarter order backlog, according to Reuters. The Federal Reserve held rates steady. “Whether you were bullish or bearish going into the press conference you walked away feeling about the same,” said Michael James, an equity sales trader at Rosenblatt Securities. Reuters
Intel forecasted first-quarter revenue in the range of $11.7 billion to $12.7 billion last week, aiming for an adjusted break-even. This comes after a fourth quarter where revenue hit $13.7 billion and adjusted earnings were 15 cents per share. “We expect our available supply to be at its lowest level in Q1 before improving in Q2 and beyond,” CFO David Zinsner said in the earnings release. CEO Lip-Bu Tan noted the company is “working aggressively to grow supply to meet strong customer demand” for its 18A manufacturing technology products. SEC
The report zeroes in on 2028, not the next quarter, spotlighting supply-chain challenges. Any shift depends on Intel hitting tough manufacturing yield and cost targets, with chip buyers ready to switch gears quickly if deadlines slip.
Earnings and rate forecasts have driven the wider market, with chip stocks swinging sharply on each AI spending and factory capacity update.
Apple’s earnings report, set for release after Thursday’s close, is under the spotlight for insights into demand trends and supply-chain spending. Investors will also be watching closely for any hints that confirm or debunk the Nvidia/Apple chatter that shook Intel’s stock earlier this week. Reuters
