On August 3, Intel fell 4.2% in regular trading, trading at $86.28/share, with turnover of $1.22 billion. The decline came amid broad-based selling across the semiconductor sector, with the Philadelphia Semiconductor Index under systemic pressure and peers including Micron Technology and Lam Research leading losses.
Intel had previously rallied over 10% from July 30 to 31, driven by its rare decision to open x86 intellectual property to startup RosaicLabs and improved foundry business expectations. The current pullback exhibits technical digestion characteristics following that sharp rebound. Fundamentally, Intel reported Q2 revenue of $16.1 billion, up 25% year-over-year, with data center and AI business revenue surging 59% YoY, though market concerns over tariff risks and intensifying AI chip competition persist.
Within the Semiconductor sector, Micron Technology fell 5.58%, SK hynix fell 5.36%, AMD fell 3.92%, Broadcom fell 3.62%, and NVIDIA fell 1.23%.
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