Intel Crashes 10%, AMD Slides 5% as Chip Trade Cools After Parabolic Run
8 Articles
8 Articles
Intel [NASDAQ: INTC] Crashes 10% and AMD [NASDAQ: AMD] Stock Price Drops 5% as Chip Rally Cools Off
Intel Corporation [NASDAQ: INTC] fell 10% on Tuesday, May 12, changing hands near $116 after closing at $129.44 the previous session, while Advanced Micro Devices [NASDAQ: AMD] dropped approximately 5% to around $436, as the semiconductor sector’s extraordinary 2026 rally ran into a wave of profit-taking triggered by a hotter-than-expected inflation print and broad risk-off […] The post Intel [NASDAQ: INTC] Crashes 10% and AMD [NASDAQ: AMD] Stoc…
Intel Crashes 10%, AMD Slides 5% as Chip Trade Cools After Parabolic Run
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
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
Intel (INTC) Stock Slides 2.6% as Hot Inflation Data Dampens Semiconductor Sector
Key Takeaways INTC shares declined 2.6% on Wednesday following unexpectedly strong wholesale inflation figures that pressured semiconductor stocks The April Producer Price Index climbed 1.4% month-over-month, marking the strongest 12-month acceleration since late 2022, dampening interest rate cut expectations Bank of America increased its INTC price objective to $96 from $56 while maintaining its underperform rating A tentative agreement betwee…
Why are Intel, Qualcomm and AMD stocks falling today?
Shares of major semiconductor makers fell sharply on Tuesday as investors took profits after a powerful rally fueled by optimism around artificial intelligence infrastructure and demand for next-generation chips. Intel (INTC) fell about 10% in trading after the stock more than doubled over the past month through Monday’s close. Qualcomm lost more than 13%, while Advanced Micro Devices fell about 6%. All three companies had reached all-time highs…
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