#USEarningsSeason
INTC plunges 28% to $65.84 — worst day since the 1970s

Live market data:
Price: 65.84; day high: 68.77; low: 63.20; open: 68.36; previous close: 92.08; loss: -26.24 (-28.49%). After-hours: 64.89, down 0.95 (-1.44%). Market cap: ∼349.61B; P/E (TTM): -31.464. Daily range: 6.04%.

Chart overview:
MA5: 64.53; MA10: 72.93; MA30: 86.53. The price is below all three moving averages, with heavy selling pressure. The recent peak was near 96.86; the stock has now gapped sharply lower. MACD: -2.71; DIF: -7.46; DEA: -4.74. The red bars are expanding, and momentum has broken down.

Support and resistance:
The first support zone is 63.20–61.30. If that level gives way, watch 58–55.
The first resistance is 68.77, followed by 72.93 (MA10) and 86.53 (MA30). The large gap at 92.08 is likely to act as a formidable barrier for weeks. Don’t rush into a long position before the price reclaims 68.77 on strong volume.

What the company does and why it matters:
Intel aims to become a core player in PCs, data centers, and foundry services. Its plan includes 18A manufacturing, AI PCs, Xeon processors for data centers, and an open foundry serving other companies. This marks a shift from a traditional CPU maker to a full-stack chipmaker.

Verified current status:
Q3 revenue was $16.5B, up 21% year over year, and EPS was $0.52, above the $0.41 estimate. Data center and AI revenue was $7.3B, up 78%. However, Q4 guidance was $15-16B versus the $17.1B estimate, with EPS of $0.25 versus the $0.43 estimate. The PC group is expected to decline by more than 20% quarter over quarter. The guidance shock wiped ∼$140B cap and sent the share price down 28.58% to $65.76 on Oct 30, its worst day since 1974.

What shareholders should watch:
1 - Guidance vs. results: A beat means little if the next quarter is weak. Watch PC demand and margins.
2 - The foundry story: Improvements in 18A yields and costs are real, but cash burn remains high, and progress will take time.
3 - A technical rebound: RSI is deeply oversold, and MA5 at 64.53 is the first test of support. A close below 63.20 could lead to further declines.
4 - Don’t call a bottom: After a gap down this large, a dead-cat bounce to 68.77–72.93 is likely, but the trend remains weak below 86.53.

In summary: Fear is driving the short-term outlook. The long-term story hinges on foundry services and AI PCs. For now, 63–69 is the battleground; keep an eye on PC sales and the next margin report.

This text is for informational purposes only and is not a recommendation to buy or sell.

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