On July 29, Intel rose 3.04% overnight, trading at $89.2/share, with turnover of $11.5124 million. The rebound followed two consecutive trading days of cumulative decline exceeding 10%, representing a technical stabilization after sustained selling pressure.

On the fundamental side, Intel's Q2 earnings remain supportive, with revenue of $16.1 billion representing a 25% year-over-year increase — the strongest quarterly growth in nearly fifteen years. Adjusted EPS came in at $0.42, double market consensus. Q3 revenue guidance of $15.8 billion to $16.8 billion also significantly exceeded expectations. The prior sell-off was primarily driven by foundry customer expansion progress falling short of expectations, full-year capital expenditure being raised from $15 billion to $20 billion suppressing valuation, and broad-based semiconductor sector selling pressure. Analyst actions included Wedbush maintaining a neutral rating and Cantor Fitzgerald lowering its target price to $125, both citing high capex constraining valuation upside. The semiconductor sector showed signs of recovery alongside Intel's bounce, with Micron Technology up 4.2% and AMD up 2.64%.

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