Intel Drops, Qualcomm Falls, Lowe's Gains After Upgrade at Citi for Continued Outperformance

On this episode of Stock Movers:
- Intel (INTC) shares drop. A scorching rally in Intel Corp. shares is threatening huge losses for traders wagering that they’re due to fall. But that isn’t stopping them from placing those bets. Short interest in Intel shares as a percentage of the company's float is near a 52-week high, despite the risk of betting against the stock.
- Qualcomm (QCOM) shares drop. Investors opted to lock in profits following a rally in chip stocks. The latest surge was boosted by continued investor enthusiasm over AI infrastructure build-outs.
- Lowe's (LOW) shares gain. Citi analyst Steven Zaccone raised his recommendation on the home improvement retailer to buy from neutral. In a note to clients, Zaccone cited several reasons for his more bullish view on Lowe’s, including his view that Lowe’s should beat 1Q street estimates (estimated to report around May 21) and continue to outperform the industry (and its top competitor Home Depot) in 2026.

See omnystudio.com/listener for privacy information.