๐ INTC Intel down -4% premarket Monday as chip selloff extends โ Q2 earnings due July 23
Intel (INTC) is sliding another 4% in pre-market trading as the semiconductor selloff that crushed the iShares Semiconductor ETF nearly 7% last week keeps going. The pressure comes from multiple fronts: BofA's bubble risk note on AI chip valuations, AMD overtaking Intel in quarterly data-center revenue for the first time, and reports that Intel's 18A foundry process won't hit profitable yields until late 2026 at the earliest. Q2 earnings hit July 23 โ could be the turning point. Not financial advice. Do you think Intel's earnings will finally stabilize the chip sector or open the floodgates lower?
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