Intel shares remained under pressure after the company issued weak fourth-quarter guidance, sending the stock down significantly over the past week. Intel had forecast Q4 revenue $1–2 billion below analyst expectations, citing a slowdown in the PC market and supply constraints.
On November 2, CEO Lip-Bu Tan bought 150,000 shares. The purchase was valued at approximately $9.7 million. It was his second large insider purchase in 2026 and has been highlighted as a sign of leadership's confidence in a potential recovery. Intel's stock has nearly halved in a month.
Separately, Intel Foundry released version 0.9 of its process design kit for the advanced 14A node, marking progress in its next-generation manufacturing technology.