🔴 Intel is trading 3.73% down today as AI-spending concerns weigh on chip stocks

Intel is trading at $91.97, down 3.73%, as renewed concerns about returns on AI spending weigh on semiconductor shares.

• Chip stocks weakened after Samsung missed profit estimates; Microsoft and Alphabet spent less than expected.
• Intel is scheduled to report third-quarter results after the October 29 market close, and investors are awaiting its results.
• The Nasdaq Composite is down 1.67% in the supplied market context, adding pressure to technology shares.