What's happening
- Intel dropped 11.28% today to $99.17 as Nvidia launched the RTX Spark PC platform, directly attacking Intel's Core Ultra position in high-end Windows laptops.
- The sector sold off broadly after Broadcom's weak AI outlook and a hot jobs report revived rate-hike fears, with INTC and AMD leading chip losses.
- Insiders net bought 198,340 shares across 43 Form 4 transactions in the last 30 days, including CFO David Zinsner, an unusual signal during a parabolic move higher.
- Despite today's drop, Intel is up 419.73% over the past year, nearly triple the peer semiconductor average of 148.01%.
- Strategic partnerships announced with Hitachi and Foxconn target AI infrastructure distribution across enterprise and data center channels, expanding Intel's reach beyond direct sales.