🔴 Intel-linked ETF (INTC.TO) is trading 3.25% down as Intel's weak fourth-quarter forecast pressures the ETF

INTC.TO is trading at CA$32.78, down 3.25%, as Intel's weak outlook weighs on the ETF.

• Intel was down about 3.1% in U.S. premarket trading as AMD surged after its results, pointing to divergent company outlooks.
• Intel's weak fourth-quarter forecast and continued PC-market softness remain headwinds.
• Strong earnings and AI-related demand lifted other semiconductor names, but sector strength did not offset Intel-specific pressure.