On July 29, Intel fell 3.14% in regular trading, trading at $83.37/share, with turnover of $28.31 billion, extending a multi-session pullback.

On the news front, Intel's foundry business customer expansion progress has fallen short of expectations. Competition in the computing chip sector is intensifying, with downstream cloud customers prioritizing specialized AI chip procurement over general-purpose processors, slowing demand growth for traditional CPUs. Additionally, the company's decision to raise full-year capital expenditure from $15 billion to $20 billion, with projections of approximately $30 billion next year, has pressured valuation. Wedbush maintained its neutral rating, while Cantor Fitzgerald lowered its target price to $125, both citing high capex as limiting upside potential.

At the sector level, semiconductors faced broad-based selling pressure. Among peers, Advanced Micro Devices fell 5.38%, Micron Technology fell 4.56%, Taiwan Semiconductor Manufacturing fell 3.46%, NVIDIA fell 2.94%, and SK hynix fell 1.15%, reflecting systemic sector headwinds amplifying individual stock declines.

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