On 26 January Intel published Q4 and full-year 2021 reports, beating analysts' expectation on revenue and EPS. Nevertheless, the next day Intel stock lost about 7% in price. Investors are selling Intel: overall revenue growth for the full 2021 is only 1%, and for Q1 2022 Intel forecasts the financial performance decrease more serious than analysts expected.
Technically, the stock price is near the support of the October 2021 low. The short-term bounce up is possible, however, the price is expected to keep dropping since Intel is forced to manage global supply chain constraints.
This content is for informational purposes only and is not intended to be investing advice.
