🔴 Intel is trading 3.8% down today as post-earnings gains unwind amid a broader semiconductor selloff

Intel is trading 3.8% down at $96.46 as initial post-earnings enthusiasm gives way to profit-taking and a wider sector decline.

• Shares initially jumped pre-market after the company beat Q2 revenue estimates and highlighted 18A yield improvements.
• The reversal follows concerns over elevated AI capital expenditures and valuation worries currently pressuring the broader semiconductor and tech sectors.
• The downward move persists despite Intel's stronger execution narrative, as investors rotate out of recent high-flyers.