Intel (INTC) news that moved the stock

What happened

The Wall Street Journal reported Wednesday evening, Nov. 11, that Nvidia's board is preparing to oust CEO Jensen Huang after he had two extramarital affairs — one with Alice Huang, a Singapore-based data-center executive U.S. intelligence officials believe is working for China's intelligence services, and a second, newly reported affair with Kimberly Powell, a senior Nvidia executive who runs the company's healthcare business and reports to Huang (first reported by The New York Times on Wednesday). The board is planning to meet as soon as Wednesday to determine his future, according to people familiar with the matter. Nvidia shares fell about 8% in after-hours trading on the report. Polymarket bettors put 77% odds on Huang leaving his position by resignation or removal by year-end.

What happened

Dell Technologies (DELL) fell roughly 7.5% in Thursday's session to about $344.44, extending a sharp multi-day selloff in AI infrastructure hardware after closing down 8.8% at $372.36 on Wednesday. The immediate catalyst was Intel's warning that global PC shipments could fall about 12% in 2026 and another 10% in 2027 on memory shortages and rising component costs, which hit PC-exposed hardware names. Investors also priced in the risk of tighter regulation or construction moratoriums on new AI data centers after the Democrats' midterm sweep, particularly in high-growth states such as Texas. Note: the Melius Research price-target cut (to $590 from $735) was made on Monday, Nov 2 — not a fresh Thursday development; it is cited in same-day coverage as a compounding factor, not new analyst action. Recent regulatory filings also showed insider sales of roughly 1.8 million shares worth close to $991 million over the prior quarter.

What happened

The AI-spending selloff extended into a third straight day of tech declines on Monday, November 2. The Nasdaq Composite fell 1.07% to 25,164.32 and the S&P 500 slipped 0.51% to 7,541.40, while the Dow Jones Industrial Average rose 0.41% to 51,983.98 — the only major index to finish higher. Technology was the worst sector at -2.66%, and the Philadelphia Semiconductor Index dropped 3.37%. Intel tumbled another 8.8% after its ~30% Friday collapse; Marvell Technology plunged 12.72% and Lumentum 18.59% as the market punished the $115B all-stock merger; Oracle sank 8.85% to $119.10 after filing a $20B stock-and-bond raise; Micron fell 5.7% and Seagate 8%.

What happened

Wall Street suffered its steepest losses since June on Friday as the AI-spend revolt escalated: the Nasdaq Composite dropped more than 3.8%, the S&P 500 fell 2.5%, and the Dow fell 770 points (-1.5%). Intel plunged more than 30% after weaker-than-expected Q4 guidance tied to a faltering PC market and manufacturing bottlenecks. Nvidia fell 5.6% and a chipmaker index sank 9% as investors questioned returns on Big Tech's AI splurge. More than $2 trillion in market value is set to be wiped from the Nasdaq 100 in October alone. By the close, Alphabet and Meta were in bear-market territory (down 20%+ from recent highs), while Amazon and Nvidia joined the correction club (down 10%+). The outlier was Tesla, up about 5% on the week and the only Mag 7 name plus Microsoft and Apple to avoid correction or bear-market status. Amazon's Q3 report — EPS of $1.89 vs $1.97 consensus, free-cash-flow negative with full-year capex running toward $220B — added fuel to the fire.

What happened

Amazon and Intel reported after Thursday's close, and both fed the market's growing anxiety about AI spending. Amazon earned $1.89 a share against forecasts of roughly $1.97, on revenue of $201.9 billion versus the $202.2 billion expected. Capital expenditure came in at $77.3 billion against a consensus of $58.67 billion, and free cash flow over the past 12 months was an outflow of $42.4 billion — it is the third big technology group in nine days to be sold on the cost of its AI build-out. Crucially, Amazon forecast holiday-quarter sales below Wall Street expectations, a potential signal of growing pressure on consumers as inflation picks up. Amazon held its 2026 capex plan at about $220 billion, and Amazon Web Services, its cloud arm, grew 39% to $46.0 billion, its fastest rate in almost five years. Intel beat on adjusted EPS ($0.52 vs $0.41 expected) but missed revenue ($16.5B vs $16.6B) and cited 'near-term headwinds across the PC industry,' with a memory-chip shortage driving up its costs. Amazon shares fell about 7% after hours; Intel plunged ~17.4%.

What happened

Intel reported Q3 2026 results after the close on October 29: adjusted EPS of $0.52 beat the $0.41 consensus, but revenue of $16.50 billion came in just shy of the $16.60 billion expected. Despite the EPS beat, shares traded down roughly 17.44% after hours. The market focused on the revenue miss and what it implies about demand for Intel's core PC and data-center products, overwhelming the bottom-line beat.

What happened

Lam Research (LRCX) tumbled about 11.8% Thursday — far beyond Wednesday's ~5% after-hours dip — after analysts trimmed price targets following the company's warning that near-term supply constraints could push some December-quarter shipments into March 2027, with guidance for adjusted fiscal Q2 earnings slightly weaker than expected. The crash ignited a broad semiconductor selloff: the PHLX Semiconductor Index dropped 6.7%, with KLA and GlobalFoundries down more than 9%, and Marvell, Intel and AMD each falling more than 8%. Motley Fool noted midday that Lam's supply-chain warning had become the catalyst for the day's AI-stock jitters, and the semiconductor rout fed the Nasdaq's worst session since June (-2.6%), its lowest close in over a month, with the S&P 500 falling 1.2% and both dipping below their 50-day moving averages.

What happened

JPMorgan upgraded Intel (INTC) to Neutral from Underweight on Monday morning, October 19, 2026. Intel shares rose about 3.8% in premarket trading on the upgrade, and the Wall Street Journal also flagged Intel up more than 3% premarket after slumping 5.8% on Friday. The upgrade comes as AI-linked and semiconductor stocks attempt to rebound from last week's sharp selloff.

What happened

ASML reported third-quarter net profit of 4.96 billion euros ($5.55 billion), more than double the 2.92 billion euros a year earlier and well above the ~4.2 billion euro consensus, on record net sales of 11.66 billion euros. Sales came in slightly below the ~11.72 billion euro consensus, but gross margin of 57.5% beat guidance. ASML raised its full-year sales outlook for a third time in 2026, to 44-45 billion euros from 43-45 billion, and guided Q4 sales of 14.2-15.2 billion euros, above expectations. CEO Christophe Fouquet said customers keep raising short- and medium-term equipment demand forecasts on AI investment, with some expressing interest in orders for 2029 and even 2030, and that planned supply for 2027 and 2028 will not fully meet customer demand.

What happened

Dell expanded its Windows computing portfolio with new NVIDIA-powered systems developed with NVIDIA and Microsoft. The XPS 16 Creator Edition is Dell's first XPS laptop built around NVIDIA RTX Spark hardware, pairing a Blackwell GPU with a Grace CPU and up to 128GB of unified memory, with a 3.2K tandem OLED display; U.S. Best Buy pre-orders opened October 7. Dell also introduced the Creator Edition Desktop (up to one petaflop of FP4 compute, able to run up to 200-billion-parameter models, availability to follow soon) and renamed its Dell Pro Max workstation range to Dell Pro Precision, including GB300-based systems for Windows delivering up to 20 petaflops of FP4 and 748GB of coherent memory, capable of running up-to-1-trillion-parameter models locally. Shares rose 1.3% to $581.47 on the announcement.

What happened

Citi analyst Atif Malik maintained his Buy rating on AMD and raised his price target to $800 from $575 — a 39% hike implying ~27% upside from Monday's close — in a note published Tuesday, Oct 6. Malik argues Meta's Muse personal AI agent and other recently launched agentic-AI products (Dots, Instinct, GrokBot, GeminiSpark) will drive orders-of-magnitude more CPU demand than traditional chatbots, because agents operate continuously rather than idling between interactions. He projects the CPU industry will grow 60% a year on average through decade's end, becoming a $300 billion market. In the same wave, Mizuho's Vijay Rakesh reiterated outperform on AMD and raised his target to $705 from $580, citing Muse and OpenAI's Dots; he also raised price targets on buy-rated Dell (DELL), Sandisk (SNDK) and neutral-rated Super Micro (SMCI), and lifted Intel (INTC) to $114 from $92. Citi also reiterated its Buy on Nvidia ($315 target) on GPU demand uplift. AMD rose ~1.9% in premarket trading to around $643.

What happened

Elon Musk confirmed on Saturday in an X post that Taiwan Semiconductor (TSMC) is in discussions to join his Terafab chip venture, writing 'Just discussions, but something may come of it' in response to a report from Asian tech Substack Culpium saying TSMC was exploring how to help run Terafab's Texas semiconductor factories. Intel shares slid about 3.7-4% premarket to $114.95 on Monday, snapping a run that had the stock up 25% over the prior month, while TSMC's U.S. shares climbed 1.8% and its Taiwan shares rose ~3%. Oppenheimer semiconductor analyst Rick Schafer wrote Monday that Intel is currently slated to supply its 14A process to Terafab — 'a role TSMC's own nodes could replace' — with one option having TSMC own and run a fab serving only Tesla, SpaceX, and xAI while SpaceX invests or commits volume. Musk later acknowledged that any TSMC chips would likely supplement, not replace, Intel's role.

What happened

The US Treasury selloff deepened on Monday, Sept. 28, pushing yields to fresh multiyear highs. Per WSJ/Dow Jones Newswires, the 10-year yield settled at 5.241% (a 19-year high; intraday high of 5.272%, near a 24-year record) and the 30-year touched 5.561%, a 24-year high. The S&P 500 fell 0.77% to 7,683.69, the Dow dropped 347.1 points (0.67%) to 51,481.51, and the Nasdaq fell 0.92% to 26,820.38. Brent crude closed at $105.28 (+0.9%) after an intraday 3% spike, and money markets priced a 70% probability of a 25bp Fed rate hike in October (vs. 58% a week earlier per CME FedWatch).