INTC is trading at $47.48 (-3.59%) as the semiconductor sector faces pressure from mounting AI concerns, hawkish Fed expectations, and weak ADP jobs data.
- The stock is underperforming a mixed market where the NASDAQ is down 0.96% while the Dow is up 0.71%.
- Industry peers are also seeing significant declines, with AMD down 14% in premarket and Broadcom falling 1.46%.