🔴 Intel is trading 3.25% down today as oil prices and Treasury yields pressure tech

Intel is trading at $119.84, down 3.25%, as rising oil prices, inflation concerns and higher Treasury yields pressure U.S. equities.

• The Nasdaq Composite is down 1.17%, creating a meaningful market-wide headwind for technology stocks.
• The decline also appears consistent with profit-taking after Intel’s recent AI-driven surge: shares gained 12.14% Monday and 1.71% Tuesday.
• Reports describe semiconductor investors taking money off the table after the rally.