🔴 Intel is trading 6.3% down today as rising Treasury yields and oil revive inflation concerns

Intel is trading at ARS 34,140 (-6.31%) as semiconductor shares face pressure from rising Treasury yields and oil prices, reviving inflation concerns and weighing on growth-sensitive stocks.

• Reports say uncertainty around Intel’s role in the Terafab project may also be adding pressure.
• Reports do not establish that discussions with TSMC directly caused today’s move.