INTC is trading at $62.93 (-3.45%) as investors lock in profits following a multi-week rally that pushed shares toward 52-week highs.
- The decline reverses yesterday's 4.5% gain to $65.18, which was fueled by optimism surrounding a Google AI partnership and Elon Musk's Terafab project.
- Despite the recent momentum from a $14.2B Ireland plant buyback, analysts have expressed caution regarding the stock's valuation at 90x forward earnings.