Intel Reports Strong Earnings, Driving Market Volatility
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 24 2026
0mins
The major averages were mixed near noon following a surge in chip stocks after strong earnings, particularly from Intel. The macro headwind, meanwhile, remains oil and geopolitics. Crude continues to be volatile amid renewed tensions in the Middle East, including shipping disruptions and military activity tied to the ongoing U.S.-Iran conflict. Of note, a Pakistani government official told MS NOW that Iranian Foreign Minister Abbas Araghchi is anticipated to arrive in Islamabad on Friday and that talks between the U.S. and Iran will likely occur there.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Intelreportedand provided upbeat Q2 earnings guidanceProcter & Gamblereportedand maintained its core FY26 earnings outlookMaxLinearshares soared after its Q1 earnings beat was followed byMetasigned anAmazon Web Services'Graviton processorsJeanine Pirro, U.S. Attorney for the District of Columbia, said the DOJ willinto Federal Reserve Chair Jerome Powell2. WALL STREET CALLS:Intelto Buy or equivalent ratings at Citi, Evercore ISI and Roth Capital after earningsDA Davidson alsoAMDto Buy after the big Intel beatSportradarto Hold at JefferiesBloomin' Brandsto Underweight at JPMorganMoffettNathansonDraftKingsand Flutter Entertainmentto Neutral amid prediction markets "clouds"3. AROUND THE WEB:Sun Pharmaceutical is set to make a binding offer of $13B for Organon, The Economic Times reportsSpruce Point Management announces a long position in Zoom Communications, saying it sees "material upside potential" in the sharesNvidiahas yet to sell H200 AI chips to Chinese companies, citing difficulties obtaining permission from the Chinese government faced by potential buyers, Reuters saysBarclaysdecided not to challenge the Financial Conduct Authority's motor finance ruling, which could lead to average payouts for drivers of more than GBP 800M, Sky reportsTens of thousands of Samsungworkers rallied for a larger share of AI-driven profits, with the union demanding 15% of operating profit versus the company's offer of 10% plus a 6.2% wage increase, Bloomberg reports4. MOVERS:PagerDutygains after a rumor an activist targeting the company was highlighted in Ben Harrington's buyout-focusedNewmontincreases after, with EPS and revenue beating consensusSAPhigher in New York after Grupo Santanderthe stock to OutperformCharterlower after, with EPS missing consensusCourserafalls afterand provided guidance for Q2 and FY265. EARNINGS/GUIDANCE:Gentexand raised its guidance for FY26Moogand raised its guidance for FY26, with CEO Pat Roche commenting, "Our teams delivered another outstanding quarter"HCA Healthcare, with EPS in-line with consensusSLBand increased its guidance for FY26, with CEO Olivier Le Peuch commenting on "a challenging start to the year" amid widespread disruptions in the Middle EastApogee Enterprises, with EPS higher year-over-yearINDEXES:Near midday, the Dow was down 0.13%, or 62.86, to 49,247.46, the Nasdaq was up 1.47%, or 358.33, to 24,796.84, and the S&P 500 was up 0.74%, or 52.61, to 7,161.01.
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Analyst Views on INTC
Wall Street analysts forecast INTC stock price to fall
29 Analyst Rating
5 Buy
19 Hold
5 Sell
Hold
Current: 120.890
Low
20.00
Averages
39.30
High
52.00
Current: 120.890
Low
20.00
Averages
39.30
High
52.00
About INTC
Intel Corporation is a global designer and manufacturer of semiconductor products. The Company's segments include Intel Products, Intel Foundry, and All Other. Its Intel Products comprise Client Computing Group (CCG) and Data Center and AI (DCAI). CCG delivers platforms and processors that power PCs and edge devices, enabling enhanced performance, connectivity and user experience for consumer and commercial markets with capabilities that also support retail, industrial robotics and AI ecosystems at the edge. DCAI delivers workload-optimized solutions based upon its x86 architecture for data centers, including CPUs, AI accelerators, NICs, IPUs and custom ASICs, enabling performance and scalability for cloud, enterprise, telecommunication and HPC environments. The Intel Foundry segment comprises technology development, manufacturing and foundry services, developing new semiconductor process technologies and advanced packaging technologies. All Other segments include Mobileye and Other.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Manufacturing Base Development: The new facility will focus on substrate manufacturing, aiming to enhance India's position in the global semiconductor supply chain while creating numerous job opportunities and facilitating technology transfer to the region.
- Government Support: The Indian government has expressed support for the project, viewing it as a step towards achieving national self-sufficiency in semiconductors, further attracting foreign investment and promoting the development of related industries.
- Strategic Implications: This investment will not only bolster Intel's manufacturing capabilities in the Asia-Pacific region but also position India as a significant player in the global semiconductor industry, enhancing its competitiveness in international markets.
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- Investor Concerns: The merger may contradict current industrial trends where many large companies opt to split for market focus, and Tesla investors prefer the company to concentrate on long-term gains from robotaxis and full self-driving software.
- Independence in Financing: Tesla does not need to rely on a merger with SpaceX for funding, as future robotaxi revenues are expected to sufficiently support its investment plans, and a merger could tie shareholders to SpaceX's massive capital expenditures.
- Future Development Outlook: Tesla investors are more likely to prefer the company to execute on plans for scaling up robotaxi rollouts and commercial production of Optimus in 2026, rather than diluting the impact of these significant events through a merger.
See More
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- Processor Launch: Nvidia unveiled the N1X processor at the Computex conference in Taipei, marking its entry into the PC market with plans to collaborate with Microsoft, Dell, HP, and others to launch over 30 laptops and 10 desktops, showcasing Nvidia's strong influence in the AI chip sector.
- Technological Innovation: The N1X processor combines Nvidia's Blackwell GPU with an Arm-based CPU designed by MediaTek, featuring 128GB of unified memory and manufactured using TSMC's 3-nanometer technology, which is expected to significantly enhance PC performance, particularly in AI applications.
- Market Potential: Nvidia anticipates the PC market will reach $200 billion, and the launch of the N1X could disrupt Intel and AMD's dominance in the traditional x86 processor market, promoting the widespread adoption of Arm architecture to meet the needs of creators and AI developers.
- Vera CPU Production: Nvidia's Vera CPU is now in full production and set to launch in the fall, with early customers including OpenAI and SpaceX, boasting performance 1.8 times that of current x86 processors, indicating Nvidia's strong growth potential in the data center market.
See More
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- Processor Launch: Nvidia unveiled the N1X processor developed in collaboration with Microsoft at Computex in Taipei, marking its entry into the personal computer market with plans to release over 30 laptops and 10 desktops, significantly enhancing its competitive edge.
- Technological Innovation: The new processor integrates Nvidia's Blackwell GPU with an Arm-based N1X CPU designed by MediaTek, manufactured using TSMC's 3-nanometer technology, which is expected to drive a shift in the PC industry towards Arm architecture, challenging traditional x86 processors from Intel and AMD.
- Market Potential: Nvidia anticipates the PC processor market will reach $200 billion, and the introduction of the N1X processor not only addresses the high-performance computing needs of AI workloads but also reinforces the company's leadership position in the rapidly growing AI market.
- Energy Efficiency Improvement: Nvidia's Vera CPU is now in full production, capable of generating data center tokens 1.8 times faster than x86, showcasing exceptional energy efficiency and performance, positioning it as a key growth driver for future AI factories.
See More
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- Impressive Earnings Report: In its first-quarter report, Dell achieved an 88% revenue growth, particularly with AI-optimized server sales skyrocketing 757% year-over-year to $16.1 billion, solidifying its position as a major player in the AI market.
- Optimistic Profit Projections: Dell anticipates a non-GAAP profit of $17.90 per share for the current fiscal year, driven by a 144% revenue growth from AI-optimized servers, with a current price-to-earnings ratio of 23 times forward earnings, indicating attractive valuation.
- Analysts Favorable Outlook: Most analysts rate Dell as a buy, with a consensus price target of $440.11, approximately 8% above the current stock price, suggesting that while short-term profit-taking may occur, the long-term growth potential remains robust.
See More
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- Nvidia Keynote: Nvidia CEO Jensen Huang is scheduled to deliver a keynote at the GTC Taipei event on June 1, where he is expected to announce an accelerated release schedule for new data center GPU architectures, which could positively impact the company's stock price.
- Product Launch Highlights: At COMPUTEX 2024, Nvidia announced the annual launch of its Spectrum-X Ethernet networking platform, marking its technological leadership in AI, which is expected to drive increased market demand for its products.
- Industry Participants: In addition to Nvidia, major companies like Intel, Microsoft, and Google will also participate in the event, further enhancing COMPUTEX's industry influence and potentially creating new collaboration opportunities for exhibitors.
See More
