INTC is trading at $48.66 (-3.1%) as it bucks the broader market trend despite a lack of new company-specific catalysts.
- The stock is retracing after hitting $50.24 yesterday, a rally sparked by server CPU price hikes and news of Amazon's $200 billion spending plan.
- While the S&P 500 and Nasdaq are up 0.16-0.54%, Intel faces pressure possibly linked to previously reported supply concerns from China delays.