On August 4, Intel fell 3.04% in after-hours trading, trading at $97.76/share, with turnover of $862 million. The decline followed a strong intraday session in which the stock had surged over 9%.

On the news front, Daiwa Securities lowered its price target on Intel from $100 to $96 while maintaining a neutral rating, placing the new target below the current trading level. The downgrade came after Intel rallied sharply during regular hours on reports that its EMIB-T advanced packaging technology yield had reached nearly 90%, coupled with MediaTek publicly confirming adoption of EMIB-T for its ASIC projects. The after-hours pullback reflects technical profit-taking following the substantial intraday gains. Across the broader semiconductor space, Advanced Micro Devices fell 8.02% after hours, indicating sector-wide pressure in extended trading.

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