Intel Stock Price Forecast – INTC Drops 5% to $35.38 as Bank of America Downgrades
Intel (NASDAQ:INTC) Faces Harsh Market Reality as Downgrades, Foundry Losses, and AI Lag Threaten Its Comeback
Intel Corporation (NASDAQ:INTC) is facing its most turbulent period since its historic decline in 2020–2022, as Wall Street turns sharply skeptical about the company’s turnaround story. The stock plunged 5.8% to $35.38 after Bank of America downgraded it to Underperform with a $34 target, citing valuation excess and fundamental weakness. Despite a 74.5% rally year-to-date that briefly lifted Intel near $37.80, analysts warn the rebound is “detached from reality.” Intel’s recent $80 billion market-cap surge, they argue, rests more on political funding and strategic hype than operational strength.
Intel’s Q2 results…
