Intel’s AI Stock Surge Stalls Out
Intel shares fell 6.2% Friday to $108.77, capping a 12.9% weekly drop as the Philadelphia semiconductor index slid 4%. Investors cut exposure to chipmakers amid concerns over AI-driven valuations and higher oil prices. UBS said Intel’s server CPU market share dropped to 54.9% in Q1, down from 64.4% a year earlier. Intel faces a test at the J.P. Morgan technology conference on May 19.