INTC is brushing off strong fourth-quarter results
Chip giant Intel Corp (NASDAQ:INTC) stock is plummeting, down 15.5% at $45.88 at last glance, despite better-than-expected fourth-quarter earnings and revenue results. The chip giant's forecast for first-quarter profit and revenue fell below estimates though, with Finance chief David Zinsner telling CNBC that the company doesn't have the supply it needs to match seasonal demand, which would improve in the second quarter.
On the charts, INTC has been on a tear since late December, and yesterday hit a four-year high of $54.60. Year over year, the equity is up 112.1%, still holding on to a solid 24.2% gain in 2026. A portion of today's pullback could've already been in the cards, per Intel stock's 14-day relative strength index (RSI) of 82.3, which sits in "overbought" territory.
Options traders are chiming in today, with 757,000 calls and 590,000 puts exchanged so far -- six times the overall options volume typically seen at this point. Expiring today, the weekly 1/23 45-strike put is the most popular, with new positions being opened there as well.