Intel shares dropped 3.61% to $47.47 on February 4, 2026. The decline follows recent volatility, with the stock trading near $49.25 on February 3, 2026.
The Nasdaq Composite fell 0.30% while the S&P 500 added 0.08%. This divergence reflected a broader investor rotation from high-growth technology stocks into cyclical sectors.
Semiconductor stocks faced specific pressure from concerns that AI could replace existing software services. Sentiment was further impacted by expectations of tighter monetary policy under potential Federal Reserve Chair Kevin Warsh.
Weak macroeconomic data also weighed on capital-intensive sectors. ADP employment figures reported only 22,000 jobs added, significantly missing the expected range of 45,000 to 48,000.