Intel Falls 6%, AMD Drops 5% as Chip Stocks Sell Off
Semiconductor shares tumbled Thursday despite bullish analyst calls, with Intel and AMD leading broad sector losses.
Semiconductor stocks suffered a broad and sharp selloff Thursday, with Intel (INTC) falling roughly 6% to $119.83 at midday and Advanced Micro Devices (AMD) sliding 5% to $511.67. The iShares Semiconductor ETF (SOXX) dropped 6% to $561.49, signaling sector-wide pressure rather than company-specific trouble.
What made the decline particularly striking was the constructive backdrop heading into the session. HSBC issued a bullish call on Intel, projecting as much as 60% upside for the stock — a stance that proved powerless against whatever macro or technical forces were driving traders to exit chip positions.
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The disconnect between Wall Street analyst sentiment and market action underscores a recurring tension in the semiconductor space: even strong institutional endorsements can be overwhelmed by broader risk-off moves, profit-taking, or sector rotation. Chip stocks have been among the biggest winners in recent market cycles, making them frequent targets when investors reduce exposure.
Intel's decline is particularly notable given that the company had just received a significant positive catalyst in the form of the HSBC upgrade. When bullish news fails to lift a stock — and the stock falls sharply instead — it often signals that selling pressure is deeply embedded in the market structure, at least in the near term.
Investors will be watching whether the SOXX ETF finds support at current levels or continues to unwind recent gains. The breadth of Thursday's pullback suggests the move is less about individual company fundamentals and more about shifting sentiment across the entire chip sector. Continue reading at Yahoo.
