Why Intel Stock Is Down Today: AMD, Arm and a Hot Chip Rally Put INTC on the Back Foot
Intel tumbled 6.5% to $108.45 just after trading began in New York on Friday, deepening its slide after three days in the red and tightening the squeeze on one of the year’s standout chip plays. The stock wrapped up Thursday at $115.93, down 3.6%. Early numbers Friday had it bottoming out at $108.24, according to market data. No single headline drove the move. Instead, a mix of factors weighed: investors locking in profits following a sharp rally, renewed worries about Intel’s server-chip position, and semiconductor stocks in general losing steam after months of AI-fueled advances.