Intel Corp. (Intel (INTC)) shares edged up about 0.5% on Thursday as investors rotated back into semiconductor stocks. The broader market favored growth names, with the Nasdaq Composite rising 1.18% and the S&P 500 gaining 0.32%. Technology stocks led the charge, while the Dow Jones Industrial Average slipped 0.06% and the Russell 2000 added 0.69%.
The modest gain suggests investors are selectively adding exposure to large-cap chipmakers as risk appetite improves. But there's more going on beneath the surface.
Intel Stock Technical Analysis
Intel remains in a strong long-term uptrend. The stock has gained about 392% over the past 12 months and continues to trade well above its 100-day simple moving average of $84.18 and its 200-day SMA of $62.07. The golden cross formed in August 2025, when the 50-day SMA moved above the 200-day SMA, remains intact.
In the short term, however, the stock is consolidating. Intel is trading 7.2% below its 20-day SMA of $124.58 and 0.8% below its 50-day SMA of $116.55. A move back above the 20-day average could strengthen near-term momentum, while continued weakness may keep the shares range-bound.
The relative strength index stands at 47.21, indicating neutral momentum. The reading suggests the stock is neither overbought nor oversold. Technical traders may watch resistance near $126.50, with initial support around $102.50.
Earnings And Analyst Outlook
Intel is scheduled to report second-quarter results on July 23. Wall Street expects earnings of 19 cents per share, compared with a loss of 10 cents per share a year earlier. Revenue is projected at $14.40 billion, up from $12.86 billion in the prior-year quarter.
The stock carries a Hold consensus rating with an average analyst price forecast of $88.63. Recent analyst actions include:
- Cantor Fitzgerald: Maintained Neutral and raised its price forecast to $150 on June 29.
- Goldman Sachs: Initiated coverage with a Neutral rating and a $150 price forecast on June 25.
- Bank of America: Reiterated Buy and raised its price forecast to $160 on June 23.
Intel has a Momentum Score of 99.16, reflecting continued trend strength despite the recent consolidation.
Top ETF Exposure
Intel is a major holding in several exchange-traded funds, including:
- VanEck Semiconductor ETF (SMH) — 7.36% weighting
- iShares MSCI USA Value Factor ETF (VLUE) — 9.28% weighting
- State Street SPDR NYSE Technology ETF (XNTK) — 6.35% weighting
Large inflows or outflows in these ETFs can influence demand for Intel shares.
Price Action
Intel shares were trading at $115.20 at the time of publication on Thursday.
