A ~6.5% pullback on the session has
$INTC among the sharpest decliners in the semiconductor space today, with Moffett Nathanson cutting to Neutral against Bank of America’s recent double-upgrade to Buy at $135.
Traders are weighing that split call after a run of over 450% in the past year, with
$INTC also named among potential bidders for AI-chip designer Tenstorrent at a reported $8–10B valuation.