Dell Sinks 11% as Intel’s Warning on PC Slump and Memory Shortage Hits Hardware Stocks; HP Tumbles 9%, Hewlett Packard Enterprise and Super Micro Fall 7%

Wedbush kept Intel at Neutral and cut its price target to $75 from $98, a 23.5% reduction. The new target suggests an 18.5% downside from Intel's Oct 29 close of $92.07. Recent analyst price targets for Intel range from $72 to $131.

Freedom Broker downgraded Intel (INTC) to Hold, lowering its price target to $90 from $100 due to valuation concerns, despite strong Q1 2026 results. Intel's stock is up 150% YTD but trades above its fair value. The company reported Q3 revenue of $16.5B, up 21% YoY, but Q4 guidance of $15.5B missed estimates. Multiple analysts adjusted price targets, citing weak guidance and market challenges.

Micron (MU) stock fell 5.5% after Intel (INTC) reported Q3 earnings beating estimates but lowered Q4 guidance. Intel's PC chip revenue declined 5% YoY, with CFO David Zinsner warning of a slowdown through mid-2027. The company expects Q4 revenue of $15-16B, below the $17.1B consensus, and a gross margin of 38%, down from 44.1% in Q3.

Intel (INTC) warned of weaker Q4 results due to sluggish PC sales, causing its stock to drop 30% to $64.90 and the Philadelphia semiconductor index (SOX) to fall over 7%.

Intel (INTC) shares dropped 30% on weak PC demand and supply constraints, despite strong Q3 results. Revenue was $16.5B, with data center/AI revenue up 78% YoY. Q4 outlook forecasts $15B-$16B revenue. Bank of America downgraded to Neutral, cutting price target to $100. Analysts cite PC inventory correction and server production limits.

Intel's stock dropped 30% to $64.50 after the company reported weak Q3 results and a bleak outlook. Analysts cut price targets, citing production shortages and market challenges. Bank of America downgraded the stock to 'Neutral', noting competition from AMD/ARM. Intel plans to shift production to meet data center demand.