Intel Stock Slides Amid Grim First Quarter Outlook—Key Price Levels to Watch

Key TakeawaysIntel shares were down more than 10% in pre-market trading after the chipmaker issued a soft first quarter outlook, citing weakness in several of its subsidiaries and the company’s programmable chip unit.Intel CEO Pat Gelsinger anticipates the PC market to normalize throughout 2024 after a two-year slump.Intel shares look susceptible to breaking down from a head and shoulders chart pattern. Intel Corporation Source: TradingView.com.Despite delivering better-than-expected fourth quarter resul ...