Intel shares have fallen about 21% in a week to roughly $110, reversing a rally that had more than tripled the stock earlier in 2026. The sell-off was driven by three pressures: reports that its advanced 18A manufacturing process may not reach profitable yields until late 2026 or 2027, later than bulls expected; AMD surpassing Intel in data-center revenue with $5.8 billion versus $5.1 billion in the first quarter of 2026; and a broader chip-sector sell-off triggered by warnings of AI stock bubbles. The 18A delay is the most critical, as it pushes out the payoff for Intel's money-losing foundry business, which posted less than $200 million in external customer revenue and a steep operating loss in the first quarter. Even after the drop, Intel trades at more than 100 times expected forward earnings, remaining unprofitable on a trailing basis.
Advanced Micro Devices IncAMD surpassed Intel in data-center revenue with $5.8B vs $5.1B in Q1 2026, gaining competitive edge.
NVIDIA Corporation
Intel Corporation18A process yield delay to late 2026/2027 pushes out foundry payoff, causing 21% stock drop.