Intel Corporation is trading 6.8% down at $21.54 as part of a sharp pullback in technology and semiconductor shares.
- The drop follows a sector-wide sell-off sparked by Broadcom’s post-earnings slide, which has placed significant pressure on the broader chip industry.
- Stronger-than-expected U.S. jobs data has fueled concerns regarding higher-for-longer interest rates, prompting a risk-off move that is impacting growth-oriented stocks.