Intel Stock Falls Amid Sectorwide Sell-Off
Shares of Intel Corporation (NASDAQ: INTC) dropped nearly 5.6% on July 28, 2026, amid a broader sell-off in the chip sector across global markets. The decline is attributed to growing concerns over whether investments in AI infrastructure will yield returns and uncertainty around an upcoming Federal Reserve rate decision under new Chair Kevin Warsh. The market has also been rattled by reports that a Chinese state-backed company began mass-producing immersion DUV lithography tools, traditionally dominated by ASML. This development raises questions about the competitive landscape for chipmakers like Intel downstream of ASML's supply chain. Investors are increasingly cautious as AI-related spending surges but returns remain uncertain. The sector has fallen more than 20% from recent highs, entering a bear market.
Topics: AI infrastructure chip sector Fed rate decision lithography breakthrough