Intel closed at $101.35 on Monday after a 3.20% drop and slipped to $100.18 after hours, just above the $100 level chart watchers are tracking. The stock is 20.4% below its September 24 close and 28% below its record of $140.94, though it is still up 178.66% over the past year. Selling has been tied to Elon Musk's remarks on TSMC possibly joining his Terafab project, a sell-side estimate of Intel's CPU share falling to 68.1%, and a sector-wide chip selloff on October 8. Its foundry lost $2.1 billion in the second quarter, while second-quarter revenue rose 25.42% to $16.13 billion and 2026 capital spending is now set above $20 billion. Analysts' mean price target of $109.06 implies only about 7.6% upside, with 20 Buy, 27 Hold and 2 Sell ratings, and results are due October 29.
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