Chip Giant Intel Sees Major Sell-Off: Stock Down Sharply Today

Santa Clara, CA – Shares of semiconductor powerhouse Intel Corp (INTC) experienced a dramatic drop during trading on the Nasdaq Tuesday. The stock faced significant selling pressure, pushing its price below a key psychological level.

As of 11:47:16 AM UTC-4 on April 10th, Intel stock was trading at 1.78 per share, representing a drop of 8.24% for the day. This is significantly lower than the previous closing price of $21.53.

The intraday chart shows Intel shares opening lower and continuing a downward trend through the morning trading session, breaking decisively below the $20 mark. This pronounced move lower has caught the attention of investors and market watchers monitoring the technology and semiconductor sectors.

The sharp decrease highlights a challenging day for Intel shareholders amid broader market movements and sector-specific dynamics.