Intel is trading 3.1% down at $109.07 as the broader semiconductor sector continues a sharp July selloff. * The multi-day downturn is fueled by mounting investor concerns over AI capital expenditure returns and stretched valuations across the industry. * Intel's decline is intensified by reports of delays to its critical 18A manufacturing process until late 2026 or 2027, and AMD surpassing Intel in first-quarter data-center revenue. * A sector-wide reset following Samsung’s earnings has also pressured chipmakers, with Intel identified as one of the hardest-hit names in the move.