On June 2, Intel fell 3.31% in regular trading, trading at $105.27/share, with trading volume of $1.697 billion. The decline follows NVIDIA's formal entry into the PC processor market, directly challenging Intel's decades-long dominance.

On June 1, NVIDIA CEO Jensen Huang unveiled the RTX Spark super chip at GTC Taipei, a highly integrated SoC combining a Blackwell architecture GPU with a 20-core Arm-based Grace CPU (N1X), co-designed with MediaTek and manufactured on TSMC's 3nm process. The first Windows PCs powered by RTX Spark will ship this fall from Dell, Lenovo, HP, ASUS, and MSI. Microsoft co-developed the platform over three years, positioning it as the foundation for local Agentic AI on PCs.

Wedbush analyst Matt Bryson noted that NVIDIA's foray could hurt Intel in particular. Analysts also flagged that Intel's stock had risen over 200% year-to-date, creating elevated valuation risk upon competitive shocks. Previously, Northland Capital downgraded Intel to Market Perform citing stretched valuations, while Barclays maintained an Equal Weight rating with a $100 target versus Intel's recent trading above $120.

Intel attempted to counter at the same show by launching its 18A-based Xeon 6+ processor, but industry attention was overwhelmingly captured by NVIDIA's announcement.

(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.)