🔴 Intel is trading 5.7% down as AI and rate concerns weigh on chipmakers

Intel is trading at $92.81, down 5.73%, as semiconductor weakness weighs on shares.

• The semiconductor sector is down 3.68%, as investors question AI spending and react to inflation-driven rate concerns.
• Reuters also reported that higher-rate fears were weighing on AI-related stocks and chipmakers.
• A second worker died after Wednesday’s explosion at Intel’s Israel plant; available reporting does not establish that the fatality is driving this morning’s decline.