Intel Shares Slip as Nova Lake Delay Pushes Timeline to 2027

Intel's Nova Lake processor line is delayed to after CES 2027, causing about a 2% drop in INTC shares. Some Nova Lake variants may release this year, but the full Nova Lake-S line won’t appear until CES 2027. Analysts maintain a Hold rating with roughly 11% upside to a target around $48.21, even as Oregon faces concerns about Intel's long-term impact in the Silicon Forest amid ongoing job cuts. The delay highlights ongoing supply-demand tightness in the chip industry amid AI-driven demand.