INTC is trading at $44.56 (-3.03%) as escalating U.S.-Iran conflict and surging oil prices trigger a broad market selloff across the semiconductor sector.
- Major indices are under pressure with the S&P 500 down 1.49% and the NASDAQ down 1.40% as disruptions in the Strait of Hormuz fuel inflation fears.
- Intel is declining alongside peers like NVDA despite a positive hero packaging update, as geopolitical macro factors outweigh company-specific developments.