Traders debate buying pullback in Intel after earnings

The "Fast Money" traders debated whether to jump on a dip in Intel after the company gave current-quarter guidance that slightly missed Wall Street expectations.

Trader Guy Adami said Intel slightly lowered its gross margins guidance, which he found "potentially concerning."

Trader Pete Najarian said he would be a buyer of Intel shares, as the stock fell more than 5 percent in extended trading on Tuesday.

Trader Brian Kelly said he's concerned about Nvidia, another semiconductor stock, and would be taking profits off the table in the company. He also said he would buy Intel.

Disclosures:

PETE NAJARIAN

Long stock: AAPL, BAC, DIS, DISCA, GE, KMI, KMIA, KO, LUX, MRK, PEP, PFE CALLS: AAL, ABT, AMD, ATVI, BABA, BAC, BBY, BHI, BSX, CNX, COP, COTY, CRM, CS, CSCO, CXW, DAL, DISH, ECA, ETP, GM, GS, HAL, INTC, JBLU, JCP, KBE, KGC, KMI, KO, LLY, LOW, M, MOS, MRO, MRVL, MUR, NAV, NBR, P, RIO, SBUX, SLV, TMUS, TTS, TV, TWTR, VRX, WFT, WLL, XLF and puts: CLF, EEM, MBLY, WFC

TIM SEYMOUR

Tim Seymour is long ABX, APC, AVP, BAC, BBRY, CLF, DO, DVYE, EDC, EWZ, F, FB, FCX, FXI, GM, GOOGL, GE, INTC, LQD,MCD, MUR, OIH, PG, RACE, RAI, RH, RL, SINA, T, TWTR, VALE, VZ, XOM short: SPY, XRT. His firm is long ABX, BABA, BIDU, CBD, CLF, EWZ, F, KO, MCD, MPEL, NKE, PEP, PF, SAVE, SBUX, SINA, VALE, VIAB, WMT, WEN, X, YHOO, short EWG, HYG, IWM

BRIAN KELLY

Brian Kelly is long Bitcoin, SLV and Silver Futures, US Dollar UUP. He is short the euro and Japanese yen.

GUY ADAMI

Guy Adami is long CELG, EXAS, GDX, INTC. Adami's wife, Linda Snow, works at Merck.