Intel is trading 4.1% down at $92.98 in pre-market, extending this week’s sharp pullback following a powerful AI-driven rally.
- The decline aligns with broad semiconductor weakness as investors take profits despite strong TSMC earnings.
- Market sentiment is being pressured by concerns over high valuations and the potential impact of tighter monetary policy.
- With no fresh company-specific negative news, the move appears primarily driven by sector-wide and macro risk-off sentiment.