INTC is trading at $43.93 (+3.39%) in pre-market, showing a modest technical recovery after the brutal 17% plunge triggered by weak Q1 guidance and manufacturing constraints.
- The stock had fallen sharply from $54.32 to $46.94 following the January 23 earnings call.
- The initial drop was fueled by revealed supply bottlenecks despite strong server CPU demand.
- The company continues to face yield improvement challenges and delayed customer announcements for its foundry business.