Intel stock dropped over 7% on July 8, 2026. This decline extended a week-long slide that erased over 21% of the company's value. These losses reflect diminishing investor confidence in Intel's turnaround strategy.
Reports indicate the 18A manufacturing process will likely miss profitable yields until late 2026 or 2027. This delay undermines Intel’s plan to operate as a major foundry for third-party chip designers.
Broader market conditions contributed to the decline following a July 1 Bank of America report warning of stretched AI valuations. Additionally, AMD surpassed Intel in quarterly data-center revenue for the first time.