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Intel (INTC) Stock: Declines Almost 3% Despite BofA Upgrade

Intel stock fell nearly 3% Monday despite a Bank of America upgrade, as sector peers outperformed and holiday-thinned trading amplified volatility

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Intel (INTC) Stock: Declines Almost 3% Despite BofA Upgrade

Intel Corporation saw a mixed day on Monday, with its stock closing lower despite a recent upgrade from analysts. The company’s shares dipped nearly 3% during regular trading, though they edged slightly higher in after-hours activity. Meanwhile, Bank of America raised its earnings forecasts for Intel, signalling growing confidence in the chipmaker’s recovery.

Intel’s stock ended Monday at $36.37, down 2.9% from the previous close. Trading volumes were lighter than average, with around 48 million shares exchanged. The decline came as broader semiconductor stocks faced pressure, with competitors like Nvidia and Broadcom outperforming Intel during the session.

After the market closed, Intel’s shares crept up to $36.45, a modest gain of 0.22%. The slight rebound followed an analyst upgrade, moving the stock from 'Market Weight' to 'Overweight'. Bank of America also boosted its earnings before interest, taxes, depreciation, and amortisation (EBITDA) forecasts for Intel by 20% for fiscal year 2025 and 18% for 2026. The bank cited improvements in liquidity, stronger credit metrics, and positive free cash flow as key factors behind its optimism. Investors remain focused on Nvidia’s $5 billion investment in Intel, which recently cleared U.S. antitrust review. The deal has drawn attention amid ongoing volatility in the semiconductor sector. Looking ahead, Intel’s stock could face further swings on Tuesday as traders react to major economic reports, including the third revision of GDP figures and the latest Consumer Confidence index. Despite recent gains, Intel’s stock remains about 17% below its peak in early December. Semiconductor shares, including Intel’s, are particularly sensitive to changes in Treasury yields, adding another layer of uncertainty for investors.

Intel’s stock movement reflects both short-term pressure and long-term optimism from analysts. The company’s upgraded forecasts and recent investment from Nvidia suggest confidence in its turnaround. However, upcoming economic data and broader market conditions could influence further volatility in the days ahead.

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