INTC is trading at $122.62 (-5%) on profit-taking and broader market weakness following a multi-day surge.
- The decline follows a +3.6% gain in the previous session, with thin pre-market liquidity amplifying volatility as NASDAQ futures fall 0.86%.
- While Bank of America noted potential €4.6B ASML orders tied to the Intel-Apple deal, the stock is retracing from its May 11 close of $129.44 after failing to find fresh company-specific catalysts today.