Intel Shares Plunge 58% Amid Weak PC Demand

Intel Corporation shares have fallen 58% from their June 2026 peak, driven by a sharp decline in PC demand and a weak outlook for the fourth quarter of 2026. The company faces significant financial headwinds, including supply constraints and projected negative free cash flow for fiscal year 2027.

Despite the current downturn, company management projects a five-fold increase in the CPU Total Addressable Market. Intel is pinning its future growth strategy on the expansion of its foundry services and its Data Center and AI segments. However, current valuations remain elevated at 33x fiscal year 2027 estimated earnings per share.