INTC

Intel is selling off in pre-market action as investors continue to rotate out of semiconductor stocks following a period of extreme momentum-driven gains. The move follows a broader trend of profit-taking across the chip sector, with peers like Qualcomm and Marvell also seeing significant downward pressure as market participants weigh concerns over stretched valuations and intensifying competition in the AI server CPU market. While the company has recently touted progress in its foundry business and new compute partnerships, the stock is currently struggling to maintain its recent rally as the market shifts focus toward the sustainability of the current AI infrastructure buildout.