On July 8, Intel fell 3.14% in regular trading, trading at $106.85/share, with turnover of $3.582 billion. The stock had already plunged 9.66% in the prior session and continued to face selling pressure.

The decline was driven by a continued global semiconductor sector selloff. Samsung Electronics reported Q2 operating profit surging over 18x year-over-year, but a classic sell-the-news reaction triggered broad-based chip stock liquidation, with the Philadelphia Semiconductor Index previously dropping 4.65%. Additionally, Samsung reaffirmed its 1.4nm advanced process node is on track for mass production in 2029, intensifying market concerns over Intel's foundry competitive positioning.

Notably, investment bank Wedbush highlighted that Intel's server CPU supply remains tight and further price increases would not dent demand. Intel confirmed it raised prices on select consumer and server CPUs, citing supply chain cost pressures. However, near-term profit-taking pressure dominated after the stock's nearly 200% year-to-date rally, with options markets showing synthetic short positions clashing against longer-dated bullish call purchases, signaling sharp disagreement on the medium-term outlook.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)