Intel is trading 10.1% down at $18.08 as part of a broader semiconductor rout driven by global sector concerns.
- The decline follows a sharp global sell-off in chip stocks amid fears over AI spending sustainability and intensifying competition from Chinese chipmakers.
- Profit-taking after a strong sector rally is further weighing on the stock price.
- The move is linked to industry-wide sentiment rather than any new Intel-specific announcements.