Intel’s EUV Push and Profit-Taking: Chipmaker’s Shares Cool After Blistering Rally
Published on 07/01/2026 at 21:08 | Redaktion boerse-global.de
Intel’s stock has hit a speed bump just as the company breaks ground on a factory designed to secure its future in advanced chipmaking. The shares slid 7.72% on Wednesday to EUR 112.88, snapping back from a 52-week high of EUR 124.58 set the previous day. The pullback came as investors locked in gains from a powerful run that had lifted the stock nearly 483% over the past twelve months.
The retreat was driven by profit-taking in a semiconductor sector that just completed its strongest quarterly rally since 1994. Technical indicators had been flashing overbought signals, and Bank of America cautioned that growth expectations for many chip stocks had become stretched. The stock’s 30-day volatility stands at 86.22%, underscoring how quickly sentiment can shift. Still, the Relative Strength Index sits at 54.9 — not in extreme territory — and the stock remains 116.67% above its 200-day moving average, suggesting the move is more of a consolidation than a trend reversal.
While the market digested the pause, Intel management was moving forward with a cornerstone investment. On June 30, CEO Lip-Bu Tan joined a ground-breaking ceremony at the company’s Bowers Campus in Santa Clara for a new specialized factory dedicated to EUV lithography masks. The two-building complex, spanning roughly 10,000 square meters, will produce the masks essential for the firm’s upcoming 18A-P and 14A process nodes. The facility is a key pillar of Intel’s “Made in USA” strategy and its ambition to become a major contract manufacturer for third-party chip designers.
Should investors sell immediately? Or is it worth buying Intel?
The foundry push comes at a time when the investment community is rotating capital out of mega-cap cloud providers and into hardware suppliers. Intel has been a beneficiary of this shift: the stock is up about 259% year-to-date. Demand for high-performance CPUs and advanced packaging solutions is supporting the narrative, even as rivals AMD and Micron have also seen their market capitalizations swell in the second quarter.
The next major catalyst for investors arrives on July 23, when Intel reports second-quarter earnings after the U.S. market close. The focus will be on the progress of the 18A-P process, which entered risk production in mid-June, and on the integration of the foundry business. Management has stated that yield milestones for key processes have been pulled forward by at least one quarter, but analysts do not expect profitable high-volume production before late 2026 or 2027. The conference call will also be scrutinized for updates on data-center projects and capital spending by the cloud giants, which will indicate whether the predicted super-cycle in semiconductors through 2027 is materializing.
For now, the stock sits around EUR 120.68, just 3% below its recent record high. The gap to the 200-day average of EUR 52.14 remains a testament to the strength of the prior rally — and the high bar that quarterly results will need to clear.
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