Intel Stock Drops 5%—What Triggered the Sudden Selloff?

TLDR Intel stock fell 5.28%, underperforming the broader Technology Equipment sector, which declined 2.85%. Profit-taking weighed on Intel shares after a strong rally linked to pricing expectations and manufacturing progress with ASML. Semiconductor weakness added pressure, with Micron down 5.71% and NVIDIA falling 3.13% during the session. Concerns over AI infrastructure spending increased selling across [...]

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