Intel shares fall 6.2% as investors weigh macro and margin concerns

Intel shares fell on Friday, reversing a portion of a steep rally in 2026 as investors weighed both near-term macroeconomic concerns and ongoing questions about the company’s competitiveness and margins.

Trading for the day showed heavy activity: the stock was reported down 6.2% during midday trading, after reaching a low of $105.02, and it last traded around $108.77, compared with a previous close of $115.93. One factor cited for the broader selloff was weaker U.S. economic data that pushed markets toward a risk-off posture, affecting technology stocks broadly.

The drop came after Intel posted strong first-quarter results and continued to build its narrative around artificial intelligence-focused chips and foundry expansion. Intel reported revenue of about $13.6 billion for the quarter and said its Data Center AI segment grew 22% year over year. The company also delivered earnings per share of 0.29, topping consensus expectations, and provided second-quarter guidance calling for EPS of 0.20.

Still, profitability and competitive dynamics remained focal points. In Q1 2026, Intel’s data center CPU market share reportedly declined by 370 basis points to 54.9, even as overall server...