Intel Shares Trade Near $101 as Foundry Losses Test Turnaround

Intel shares traded near $101 Monday as weakness across semiconductor stocks renewed scrutiny of the company’s recovery and foundry losses.

The stock fell more than 3% during the session after dropping 5.3% on Oct. 8. Intel closed at $104.70 on Oct. 9 following a September rally, extending recent pressure on Intel shares.

Microsoft is preparing to deploy its Maia 300 custom processors in cloud and AI operations beginning in 2027. The custom chips aim to support Azure cloud and artificial intelligence services while reducing operating costs and reliance on external suppliers. Microsoft has said Maia 300 could produce 40% more tokens per megawatt than leading graphics processing unit systems.

Microsoft has not announced an Intel manufacturing contract for Maia 300.

Intel’s foundry business remains a key measure of the turnaround. Second-quarter foundry revenue rose 31% to $5.8 billion, but the division recorded an operating loss of about $2.1 billion. External customers generated $293 million, leaving most foundry sales tied to Intel itself.

Intel CEO Lip-Bu Tan said the company remains involved in Elon Musk’s Terafab project, which plans to use Intel’s 14A technology. Intel’s commercial role and potential revenue from the project have not been established.

Intel plans to report third-quarter earnings on Oct. 29, 2026.