Benzinga on $INTC (Oct 30, 2026)

Wall Street is getting rocked this morning. Intel getting crushed down 25%.

All right. And then Intel earnings came out and literally that next tick it was 7 like within a minute it went 712 all the way down to 705. Like that was like a ridiculous drop for Intel. 17% or something like that.

Um, but that's that's the cues. This was Intel. Um, Intel is like, oh my god, right? Intel is just decimated from 92 down to 69.

Intel shares are trading lower after the company recorded third quarter financial results and issued quarter four guidance below estimates. Multiple firms lowered the respective price targets on stock.

Intel stock fell 22% in after hours trading on Thursday as the company's fourth quarter got disappointed investors drawing an angry reaction from CNBC's Jim Kramer. In a post on X, Kramer said he was disappointed in Intel, which he named his favorite stock earlier this year, adding that he was actually furious about it.

Yes, I'm disappointed in Intel. Actually furious about it. Uh good intel court very challenging guide we will have to wait until the call to get the details has to be one or all these weakening PC scarcity of substrates incidents at Intel's FAB in Israel.

PC demand main issue with the company pointing to high memory cost is the reason demand is slowing. He add that Intel's weak guide should not be applied to Nvidia Corp which has been estimates despite high memory costs.

Intel was 26.0 09% lower in pre-market trading on Friday after it reported thirdarter 2026 results after the closing bell on Thursday that beat estimates with earnings of 52 cents per share versus the 40 cents estimate and revenue of 16.51 billion versus the 16.47 billion estimate.

Intel just got smoked. Okay, so Intel smoked. We know that.

Intel quarter. I'm just going to read like blurbs as I'm seeing them from different news sources. Hopefully helps you. Intel quarterly report sparked a sharp sell-off as its current quarter outlook fell short of expectations and management flag persistent PC weakness with some traders also pointing to manufacturing disruption.

The community is divided between buyers calling a drop in overreaction and bearish traders arguing the weak outlook signals continued pressure.

Um the one stock I'm not going to trade is Intel. By the way, not buying the dip in Intel.

Well, listen, we have Intel crashing, which we got to talk about.

so you outside of Intel which has retraced everything it had gotten from their wins you know these are still a lot of these are still elevated prices right

I'm not going to trade Intel. Like I'm not trying to buy the one that's down.

I already told everyone I'm not trading intel. I'm not buying the the the the bastard child as the bounce candidate. I'll buy something else.