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Intel Crashes 10%, AMD Slides 5% as Chip Trade Cools After Parabolic Run

Summary by 247wallst.com
Shares of Intel (NASDAQ:INTC | INTC Price Prediction) are down 10% in Tuesday trading, changing hands near $116 after closing at $129.44 on Monday. Advanced Micro Devices (NASDAQ:AMD) is sliding alongside, off 5% at roughly $436. The selloff lands after both names ripped through a parabolic stretch. Intel stock gained 35% in the week ending ... Intel Crashes 10%, AMD Slides 5% as Chip Trade Cools After Parabolic Run

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Nasdaq drops 1.2% • Trump: Ceasefire between sides is on "artificial respiration" • US inflation soars to three-year high in April • eBay rejects GameStop's takeover bid - "not credible" • Camtec falls following reports • Oil prices climb • US Senate confirms Kevin Warsh as Fed board member, will confirm his appointment as chairman tomorrow

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Globes broke the news on Tuesday, May 12, 2026.
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