Intel Shares Drop Sharply as AI Chip Valuations Face Reassessment
Intel Corporation shares slid 8.7% in morning trading to $111.52, pressured by a broad market reassessment of AI chip valuations after Samsung reported an almost 19-fold rise in Q2 operating profit. The decline occurred while Intel traded below its 20-day moving average and remained distant from its 52-week high of $142.35. Concerns over insider se…