Intel Stocks Fall 1.82% as Chip Rally Fades and PC Slump Clouds Q4

Intel INTC shares fell 1.82% to $58.29 as of 11:05 a.m. ET in regular trading on November 10, giving back part of Monday's 5.49% jump. Chip shares cooled after October consumer prices came in hotter than expected, lifting December rate-hike odds to about 84%.

Intel's own guidance sets the tone. Third-quarter revenue rose 21% to $16.5 billion, with data center and AI sales up 78% to $7.3 billion and foundry up 58%. Client computing slipped 5% to $8.1 billion. Fourth-quarter guidance calls for revenue of $15.0 billion-$16.0 billion and a GAAP gross margin of 37.1%, down from 43.0%. Trefis noted that management expects industry PC units to fall about 12% in 2026 and 10% in 2027.

The guidance midpoint implies a 6.1% sequential revenue decline alongside a 5.9-point gross margin squeeze, so data center growth cannot yet offset the PC drag. GuruFocus scores Intel at 70/100, with Momentum 9/10 and Profitability 7/10, but GF Value Rank just 1/10. At $58.29, the shares trade 69.15% above the $34.46 GF Value, which GuruFocus calls "Significantly Overvalued." Momentum is carrying the valuation. The January fourth-quarter report, and whether gross margin holds near 37%, is the next test.