AMD Sinks 8%, Marvell Sinks 7%, Intel Fall 6% as AI Chip Trade Narrows to NVIDIA
Intel (INTC) shares fell 6% to $85.82 alongside AMD and Marvell in a sector-wide rotation trade favoring NVIDIA, rather than due to company-specific negative news. While Intel reported strong Q2 2026 revenue of $16.1 billion with Data Center and AI revenue surging 59%, the stock...