Intel is trading 3.33% down at $99.39, in line with a broader semiconductor selloff.
- Reports cite concerns about Chinese chipmaker CXMT’s advances and intensifying competition, with several chip stocks opening lower.
- One report put Intel down 2.57% at $100.16 after the opening bell. Hotter-than-expected inflation and rising-rate concerns are also pressuring technology shares; semiconductors are down 2.51%.
- No separate Intel-specific catalyst was identified.