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Intel Stock Drops 3.78% Ahead of Q1 Earnings as Investors Brace for Turnaround Update

News Snapshot:

Intel Corp. shares fell 3.78% in early Monday trading on April 20, 2026, dropping $2.59 to $65.91 as Wall Street prepared for the chipmaker's first-quarter earnings report on Thursday and weighed ongoing challenges in its foundry business against recent progress in AI partnerships and process technology.The semiconductor giant, which has staged a remarkable recovery in 2026 with shares more than doubling from early-year levels, saw modest profit-taking after closing near recent highs last week. Intel (NASDAQ: INTC) hit an all-time high around $70.33 in mid-April before pulling back slightly, reflecting heightened expectations ahead of the April 23 earnings release and…

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