Intel Stock Slips 3.76% Pre-Market After Powerful 18% Surge on April 9
Key Highlights:
After delivering a massive 18.75% gain in the last trading session, Intel Corp (NASDAQ: INTC) is seeing a sharp pullback in pre-market trading, down 3.76% to $20.72. This retracement is not unexpected after such an outsized single-day gain, especially with macro data like the U.S. CPI inflation report due today.
Intel Stock Snapshot
| Metric | Value |
|---|---|
| Previous Close | $18.13 |
| Latest Close | $21.53 (+3.40) |
| Pre-Market Price | $20.72 |
| Pre-Market Change | -$0.81 (-3.76%) |
| 52-Week High | $38.22 |
| 52-Week Low | $17.66 |
| Dividend Yield | 2.32% |
| Market Cap | $9.39 Trillion |
What Caused the 18% Rally in Intel?
- Massive short-covering after Intel’s recent decline
- Positive sentiment on U.S. semiconductor bill updates
- Institutional rotation into value tech and chipmakers
- Optimism around Intel’s foundry and AI chip roadmap
INTC led the Philadelphia Semiconductor Index (SOX) rally on April 9.
Why the Pre-Market Decline Today?
- Profit-taking from short-term traders after the surge
- Tech-heavy Nasdaq futures trading in the red
- Market cautious ahead of key inflation data (CPI)
- Sector-wide pullback seen in AMD, NVDA, and Micron Futures
Technical Levels to Track for Intel Today
| Type | Level |
|---|---|
| Resistance Zone | $21.50–$21.80 |
| Pre-Market Support | $20.50 |
| Breakdown Risk | Below $20.00 |
| Breakout Trigger | $22.00 |
If Intel holds above $20.50, bulls may return post-CPI release.
Market Strategy for Intel Traders
Short-Term View:
- Avoid fresh longs until the $20.50–$20.70 level stabilizes
- CPI surprise could add volatility – prepare stop-loss triggers
- Monitor NVDA and AMD for sector-wide confirmation
Long-Term Investors:
- Still a good dividend stock with turnaround potential
- Long-term average cost entry ideal near $19–$20 zone
Expert Viewpoint
“Intel’s rally was long overdue, but traders should expect consolidation. Macro cues today will decide if the chip rebound is sustainable,” says Tanya Wei, Senior Analyst at Nomura Research.
Intel Faces Healthy Pullback After Monster Surge
Intel Corp is down 3.76% pre-market to $20.72, after surging over 18% yesterday. With major catalysts like inflation data and Fed commentary expected, Intel may see range-bound action unless bulls reclaim $21.50 convincingly. For now, the pre-market dip appears technical and temporary, not a reversal.
The Hindustan Herald Is Your Source For The Latest In Business, Entertainment, Lifestyle, Breaking News, And Other News. Please Follow Us On Facebook, Instagram, Twitter, And LinkedIn To Receive Instantaneous Updates. Also Don’t Forget To Subscribe Our Telegram Channel @hindustanherald
