Intel stock pulls back after 2026 rally, closing down 3.84% as investors assess sustainability of AI PC and foundry gains

Intel closed Monday at $95.78, down 3.84%, after climbing approximately 166% this year and more than doubling in April. Trading volume reached 118 million shares, nearly 11% above its three-month average of 105.5 million shares.

The company named former Qualcomm executive Alex Katouzian to lead Client Computing and Physical AI, and appointed Pushkar Ranade as permanent chief technology officer, as part of CEO Lip-Bu Tan's effort to sharpen Intel's product roadmap beyond traditional PCs.

Investors are monitoring whether strong first-quarter results—driven by cost reductions, client computing recovery, and early AI PC and foundry progress—will sustain demand for AI PCs and stabilize data center CPU revenue in upcoming quarters.