Intel (INTC [https://seekingalpha.com/symbol/INTC]) shares have fallen more than 30% over the past month and as such, the semiconductor giant offers investors a “balanced setup” going into its third-quarter results, Wedbush Securities said. Shares rose 1.8% in premarket trading. “We expect another quarter above the guide (and consensus, which sits essentially in-line with Intel's forecast), led by servers, where supply was set to improve late in the quarter,” Wedbush analyst Matt Bryson wrote in a note to clients. “However, with PC units down ~20% Y/Y in the quarter (and ~9% Q/Q) per IDC, and memory and substrate costs still rising, we could see a somewhat narrower beat than F2Q26's.
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