Intel: It Could Get Worse Before It Gets Better

  • Intel's stock remains under pressure after a mixed 1Q FY2025 earnings report and a weak outlook, amidst ongoing trade tensions, including the delay of 18A ramps to 1H 2026. The new CEO's cost cuts, including a 20% workforce reduction, aim to ease profit loss pressure but may widen the gap with peers. Management expects the 1Q pull-forward demand from incoming tariff hikes to add growth pressure in 2Q.