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.