Updated Thursday, Nov. 13, 2025 — pre‑market snapshot
At a glance (today):
- Price: Intel (NASDAQ: INTC) traded around $37.79 pre‑market (-0.3%) after closing $37.89 on Wednesday. [1]
- Backdrop: U.S. futures were subdued after the federal government reopened, with traders digesting delayed economic data; Intel edged 0.3% lower pre‑market while Nvidia (-0.6%) and AMD (-0.7%) also slipped. Cisco +6.5% on an outlook raise helped steady broader sentiment. [2]
- Positioning vs. highs: INTC sits ~11% below its 52‑week high ($42.48 on Oct. 28). [3]
What’s moving Intel stock today (Thursday, Nov. 13)
Muted risk tone, tech rotation: In early U.S. trading, futures were mixed as Wall Street recalibrated to a reopened federal government and a patchy data calendar. Within tech, AI‑exposed names were softer, leaving INTC fractionally lower ahead of the bell; Reuters’ pre‑market wrap specifically flagged Intel down ~0.3% alongside slight declines in Nvidia and AMD, while Cisco’s stronger forecast lent support to the group. [4]
Read‑throughs from tonight’s chip supplier earnings:Applied Materials reports after the close today (Nov. 13)—a key tell on wafer‑fab equipment spending and the AI capex cycle that influences Intel’s foundry roadmap and PC/server pipelines. (AMAT’s investor notice confirms the timing.) [5]
Where sentiment stands heading into today
Fresh corporate headlines this week:
- Leadership realignment in AI: On Nov. 10, Intel said CEO Lip‑Bu Tan will directly oversee AI and advanced tech following the departure of Chief Technology & AI Officer Sachin Katti to OpenAI—keeping investor focus on Intel’s 2026–2027 AI product cadence. [6]
- Deal chatter, AI acceleration:Last week brought reports that Intel is in early‑stage talks to acquire SambaNova, an AI‑chip startup—potentially a shortcut to bolster Intel’s AI portfolio if terms materialize. (Both sides declined comment at the time.) [7]
Product & roadmap context coming into November:
- Intel detailed Panther Lake, its first PC chip on the 18A node, with initial units slated to ship before year‑end 2025 and broad availability from January 2026—a milestone many investors track to gauge manufacturing progress. [8]
- The company also teased a next‑gen data‑center AI chip aimed at inference and performance‑per‑dollar efficiency for late 2026 availability (as previously discussed at OCP). [9]
Earnings base: Two weeks ago, Intel’s Q3 beat and cost actions drove shares sharply higher, marking a potential turning point after a challenging stretch. [10]
Price check & technical context (no charts)
- Pre‑market (approx. 5:40 a.m. ET):$37.79 (-0.26%) vs. prior close $37.89. [11]
- Range context:52‑week high $42.48 (Oct. 28, 2025); INTC remains about 11% below that mark as of this morning. [12]
Note: Live quotes can change rapidly once regular trading begins.
Catalysts to watch (near‑term)
- Applied Materials earnings (today, after the bell): Tone on AI fab tools, China exposure and 2026 spending could sway foundry‑ecosystem expectations that investors map back to Intel. [13]
- Macro/data vacuum and Fed path: With government data releases delayed by the shutdown, traders remain sensitive to private indicators and Fed speak—an ambiguity that has kept index futures essentially flat this morning. [14]
- Upcoming Intel appearances: Intel plans to participate in investor conferences next week (including Nov. 18)—fresh commentary can recalibrate 2025–2026 modeling for PCs, data center and foundry. [15]
- AI‑leader prints next week:Nvidia’s earnings are on deck and often set the tone for AI‑exposed semis, including how investors handicap Intel’s 2026 inference strategy. [16]
Analyst and positioning notes
Street views remain mixed after the autumn rally. For example, Bank of America downgraded INTC to Underperform in mid‑October with a $34 target, underscoring skepticism about sustained upside without clearer execution on manufacturing and AI. (Other shops turned more neutral-to-cautious after the Q3 bounce.) [17]
Bottom line for Nov. 13, 2025
Intel shares are slightly lower pre‑market amid a quiet, data‑light session and a rotation out of pricey AI names. Near‑term stock direction is likely to key off Applied Materials’ print tonight, upcoming management commentary next week, and broader AI‑demand signals from Nvidia’s results. For now, the macro reopening narrative and sector read‑throughs are exerting more influence than any single Intel‑specific headline this morning. [18]
Disclosure: This article is for information only and is not investment advice. Always do your own research.
References
1. www.marketwatch.com, 2. www.reuters.com, 3. www.marketwatch.com, 4. www.reuters.com, 5. ir.appliedmaterials.com, 6. www.reuters.com, 7. www.reuters.com, 8. www.reuters.com, 9. www.reuters.com, 10. www.reuters.com, 11. www.marketwatch.com, 12. www.marketwatch.com, 13. ir.appliedmaterials.com, 14. www.reuters.com, 15. www.intel.com, 16. www.reuters.com, 17. www.marketbeat.com, 18. www.reuters.com
