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Intel Stock Stabilizes Near $87 After Sharp Selloff as Investors Debate Quality of AI Revenue Growth
['Tony Jackson']
International Business Times Australia
Intel reported second-quarter revenue of $16.1 billion, up 25% year over year and ahead of the high end of the company's own guidance, which had called for revenue of up to $14.8 billion.
Despite those figures, Intel shares initially rose only modestly after the earnings release before reversing sharply in the days that followed.
Read more Intel Stock Slides 7% Today as Profit-Taking Hits One of 2026's Most Remarkable Chip Stock Turnarounds Intel Stock Slides 7% Today as Profit-Taking Hits One of 2026's Most Remarkable Chip Stock TurnaroundsAnalysts have offered a range of explanations for the disconnect between Intel's better-than-expected results and its subsequent stock decline.
Even after the recent pullback, Intel's valuation remains a point of contention among analysts.
Consensus earnings estimates for Intel have moved sharply higher over the past month even as the stock has fallen.