Intel shares fell 1.8% to $44.65 on Thursday. The stock lagged behind other semiconductor companies. This decline marks a three-day losing streak.
Intel made no major announcements on February 19. Investors await the Morgan Stanley investor conference on March 4.
Investors seek CFO commentary regarding near-term demand and supply constraints. The conference will also address the performance of Intel's foundry division. Traders characterize the company as being in a "show-me" turnaround phase.