Intel Shares Slip on Nasdaq, Rally in After-Hours Trading

What happened: Intel Corporation (INTC) shares declined on Thursday after hitting fresh lows, only to rebound strongly in after-hours trading.

Nut Graf

Shares fell amid broad technology sector weakness, as investors weighed chip demand concerns and profit-taking following recent gains. The after-hours bounce suggests renewed optimism about upcoming product launches.

Market Movement

• Intraday decline: Shares closed at $24.90, down $0.37 (−1.5%) on heavy volume.
• Trading range: High of $25.40; low of $24.80.
• Volume: Approximately 1.47 billion shares traded.

After-Hours Rally

• After-hours price: $31.87, up $6.97 (28.0%) following reports of new data-center chip benchmarks.
• Analysts noted that improved performance metrics for Intel’s next-generation Xeon processors may underpin the rally.

Context and Outlook

The pullback reflects rotation out of beaten-up chip names ahead of third-quarter earnings. Intel is set to report results next week, with guidance closely watched for signs of demand recovery. If after-hours enthusiasm persists, the stock could challenge resistance near $32.

Key Statistics

• Previous close: $25.27
• P/E ratio: -5.22 (trailing)
• Market cap: $109 billion
• Dividend yield: 0.0%

Intel’s path over the next sessions will hinge on both sector sentiment and its own earnings commentary.