Intel is trading at $123.47 (-4.6%) as of 10:05 AM EST, seeing a sharp reversal as investors lock in gains from an extraordinary +16% surge on May 8 following its landmark Apple manufacturing deal.
- Broader market pressure is weighing on shares, with the NASDAQ down 0.93% today amid hotter-than-expected April CPI data (3.8% vs. 3.7% forecast) and escalating Middle East tensions.
- Despite the pullback, the stock remains up +28% cumulatively since May 1, bolstered by high-profile foundry partnerships with Apple, NVIDIA, and Google alongside significant government support.