Intel Stock Slides After Rally Amid Profit-Taking and Competitive Pressures

Intel Corporation's stock slid by -3.02% on Monday, September 28, 2026, following a powerful 9.1% surge in the prior session.

The decline is attributed to profit-taking and short-term volatility, as traders who rode the push from sub-$90 into the $120s are locking in gains while late chasers are getting shaken out.

Apple's decision to let Mac App Store developers drop support for Intel-based Macs on macOS 13+ apps also sent a signal that Intel's legacy design wins in Mac hardware are fading from view.

The company is facing competitive pressures and concerns over chip demand, with its revenue sitting near $52.85B but profitability under pressure due to negative profit margins of around -20%.