By Callum Keown
Intel stock's losing streak is probably starting to irk investors. But it isn't time to worry.
While many chip stocks are getting ahead of their fundamentals, Intel and AMD have a good chance of "growing into their numbers," Seaport analyst Jay Goldberg said in a note.
That should ease the frustrations of Intel shareholders waking up to the prospect of a sixth consecutive day of losses. The shares have fallen for five days in a row, down 16% over that period. They're on track to make it six on Tuesday, pointing 2% down ahead of the open.
It's beginning to get mildly annoying for investors, who watched the stock surge more than 200% between March 30 and May 11 -- the day before the current bad run began.
The chip-stocks rally has been so explosive that this sort of pullback was always likely to happen. The question is whether it's a pause or a more sustained fall back down to Earth.
"Some companies, such as AMD and Intel, have good prospects for growing into those numbers sooner, but for others, we think there is a good chance that reality is going to disappoint," Goldberg wrote in a note Monday. He warned that the semiconductor market will be choppy in the near term and noted that Nvidia remains constrained by high expectations and serious supply constraints.
There's more good news for Intel. Benchmark analyst Cody Acree said he came away from a fireside chat with Intel more confident that investors were still underestimating 2027 and 2028 earnings power and the multiples the stock could earn.
He reiterated a Buy rating and hiked his price target to $140 from $105, implying another 30% jump from Monday's closing price.
That's worth sitting through a few bad days for.
Write to Callum Keown at callum.keown@dowjones.com
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May 19, 2026 09:22 ET (13:22 GMT)
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