Intel is under investigation over its August 2026 SEC filings. The company cited strong customer demand before issuing a weak fourth-quarter revenue forecast that sent its shares lower. Investigators are examining whether Intel misled investors about market conditions before releasing the guidance, which the company attributed to a softening PC market.
Multiple analysts cut their price targets amid concerns about the weak outlook and supply-chain issues. Wells Fargo lowered its price target to $80.00 and maintained an equal weight rating. Its previous target was $120.00.
Intel shares fell nearly 29% despite the company reporting better-than-expected third-quarter earnings. Concerns about supply shortages and the PC market slump overshadowed the positive results.