Intel Stock Forecast: INTC Falls 8% Toward $81.64 Support Ahead of the October 29 Margin Test

• Intel stock fell 8% to $85.49 on Oct. 22 amid chip sector selloff • Q3 report on Oct. 29 expected to show revenue $16.45-16.5B, EPS $0.39-0.40 • Key technical levels: support at $81.64, resistance at $95.50 Intel shares dropped 8.04% to $85.49 on Oct. 22 amid broad chip selloff, with stock now 40% below 52-week high. Q3 report on Oct. 29 expected to show revenue of $16.45-16.5B vs $13.65B YoY, adjusted EPS of $0.39-0.40 vs $0.23 YoY. Q2 set high bar with 25% revenue growth and doubled EPS. Gross margin of 41.8% exceeded guidance. Technical analysis shows RSI at 30 (oversold), with key support at $81.64. Bearish bias below $95.50 resistance level.