Intel is trading 3.1% down at $99.83 in pre-market as broad profit-taking hits the semiconductor sector despite strong earnings and raised capex guidance from Taiwan Semiconductor.
- The decline follows a sector-wide de-risking trend, with the SOXX ETF falling approximately 2.5% amid concerns regarding stretched AI-related valuations.
- There are no fresh, company-specific headlines for Intel, suggesting the move is driven by macro sentiment rather than a new fundamental catalyst.