INTC is trading 2.8% down at $136.99 as it gives back part of its recent multi-day rally amid a broader tech-sector selloff.
- Traders are reducing exposure to high-flying semiconductor and AI names following a period of significant gains.
- The decline coincides with a wider tech rout, with the Nasdaq Composite falling approximately 1.3%.
- The move appears driven by sector-wide risk-off sentiment rather than any stock-specific news or headlines.