INTC is trading at $107.05 (7.7% down) today as a notable reassessment of its Apple chip supply deal raises questions regarding the stock's premium valuation.
- A widely circulated analysis is questioning whether Intel’s role as a lower-end supplier to Apple justifies the stock’s recent run-up and current price levels.
- The drop extends a multi-day slide from levels above $129, with weakness compounded by broader tech pressure as the Nasdaq trades sharply lower.