INTC is trading about 5% down today at $115.30, extending a multi-day pullback from its recent AI-driven highs.
- The decline follows a massive year-to-date run, triggering profit-taking and a rotation within the AI chip space.
- Investors are repositioning ahead of Computex 2026, where Intel is set to showcase its Clearwater Forest and Nova Lake architectures.
- Market sentiment is cautious as rivals Nvidia and AMD prepare to unveil competing AI laptop and server products at the same event.