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Barchart
Aditya Raghunath

This Analyst Just Issued a Major Intel Stock Warning: The INTC Rally Is ‘Unsustainable’ So You Should Sell Now

Intel Corporation INTC United States Nvidia SoftBank HSBC

HSBC recently downgraded Intel (INTC) to “Reduce” from “Hold,” warning that the chipmaker's impressive 50% rally since August lacks a solid foundation. The analysts point out that Intel's recent momentum stems from three major investment announcements: a $2 billion stake from SoftBank (SFTBY), $11.1 billion from the U.S. government for a 9.9% stake, and a $5 billion investment from Nvidia (NVDA), representing roughly 4% ownership.

However, HSBC argues these deals are merely band-aids that don't fix Intel's fundamental problems. The real issue lies in Intel's struggling foundry division, which continues to face operational setbacks and hasn't gained meaningful customer support. 

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