🔴 INTC is trading 4.5% down today amid sector caution ahead of AMAT earnings

INTC is trading at $114.92 (-4.46%) today, reversing from yesterday's close amid sector-wide caution ahead of Applied Materials (AMAT) earnings.

• The stock is bucking a broader market rally, with the S&P 500 up 0.47% and the Nasdaq gaining 0.76% in mid-morning trading.
• No major company-specific news explains the decline; recent positive sentiment from Deutsche Bank's price target hike to $100 is now considered dated.
• Price action shows a sharp reversal from yesterday's closing price of $120.29.