Intel closed the first half of 2026 at roughly $139.63 per share, capping a run of approximately 225-270% gains that pushed the stock past levels it hadn’t seen since August 2000. Then July showed up and ruined everything.
On July 1, shares dropped about 9%. The following session tacked on another 5% decline. More than $1 trillion in semiconductor sector market value evaporated in the span of two trading days.
What fueled the rally
Intel’s Q1 2026 results showed revenue of $13.6 billion, a 7.4% increase year-over-year that comfortably beat Wall Street expectations. The stock responded with a single-day surge of between 15% and 24% in late April.
The stock briefly touched an all-time high of $142.35 in late June.
