Intel Corporation is trading 10.8% down at $20.61 as part of a sharp pullback in technology and semiconductor names following recent gains.
- The move tracks a broad tech sell-off sparked by Broadcom’s post-earnings slide and a hawkish shift in rate expectations.
- A stronger-than-expected U.S. jobs report has placed growth stocks and the Nasdaq under heavy pressure, rather than any company-specific news for Intel.