On July 29, Intel fell 3.06% in pre-market trading, trading at $86.21/share with turnover of approximately $40.82 million, extending a cumulative decline of over 10% across the prior two trading sessions.

The continued weakness is driven by Intel's foundry business customer expansion progress falling short of expectations, intensifying competition in the AI computing chip market, and downstream cloud customers prioritizing specialized AI chip procurement over general-purpose processors. Cantor Fitzgerald recently lowered its price target to $125, while Wedbush maintained a neutral rating, both citing elevated capital expenditure plans constraining valuation upside. Intel raised full-year capex guidance to $200 billion with further increases projected for next year, keeping adjusted free cash flow negative despite Q2 revenue of $16.1 billion representing 25% year-over-year growth.

Within the Semiconductor sector, overall pressure persists. Among individual stocks, Micron Technology down 1.26%, Taiwan Semiconductor Manufacturing down 1.10%, Advanced Micro Devices down 0.58%, Broadcom down 0.55%, NVIDIA down 0.31%.

(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.)