🔴 Intel is trading 5.6% down today as foundry strategy skepticism and a sector sell-off weigh on shares

Intel is trading at $88.36 (5.6% down) as investors reassess the AI and foundry optimism that followed last week's earnings report.

• Skepticism regarding the profitability and timing of Intel’s 18A manufacturing and foundry strategy is pressuring the stock despite strong Q2 results.
• Shares are also facing headwinds from a broader semiconductor sector sell-off triggered by reports of a major chipmaking breakthrough in China.