Intel Crashes 10%, AMD Slides 5% as Chip Trade Cools After Parabolic Run

Intel Crashes 10%, AMD Slides 5% as Chip Trade Cools After Parabolic Run

Shares of Intel (NASDAQ:INTC | INTC Price Prediction) are down 10% in Tuesday trading, changing hands near $116 after closing at $129.44 on Monday. Advanced Micro Devices (NASDAQ:AMD) is sliding alongside, off 5% at roughly $436. The selloff lands after both names ripped through a parabolic stretch. Intel stock gained 35% in the week ending ... Intel Crashes 10%, AMD Slides 5% as Chip Trade Cools After Parabolic Run

Why Intel’s stock is falling and guiding the chip sector toward its worst day of the year

Analysts note “buyer exhaustion” and market concerns about what the latest inflation data may mean for future data-center spending commitments.