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Why are Intel and AMD stocks tanking up to 7% today?
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Why are Intel and AMD stocks tanking up to 7% today?
Intel and AMD shares suffered sharp declines on Tuesday as a broader market sell-off swept through technology stocks, with investors increasingly concerned about rising borrowing costs, persistent inflation and elevated oil prices. The Philadelphia Semiconductor Index fell more than 5%, reflecting the pressure across the chip sector. Intel (INTC) shares declined over 7%, while AMD fell roughly 5.5%. Brent crude futures also rose 0.5% to around t…
·Road Town, Virgin Islands (British)
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