INTC is trading at $41.74 (-3.21%) amid mounting concerns over foundry losses and manufacturing setbacks.
- Foundry losses are projected to exceed $10 billion in 2025, compounded by delays in 18A/14A nodes and a lack of anchor customers.
- The stock is following a bearish channel alongside a NASDAQ correction triggered by Middle East tensions and a new DOL rule hiking H-1B wages.
- While no company-specific news broke today, the move aligns with a broader tech lag as energy sectors lead the market rebound.