Movement Alert|Intel Falls 3.27% in Regular Trading, Semiconductor Sector Broadly Pressured as Storage Stocks Sell Off

Market Focus
Aug 06

On August 6, Intel fell 3.27% in regular trading, trading at $96.84/share, with turnover of $666 million.

On the news front, the semiconductor sector came under broad selling pressure, particularly in storage-related names. Western Digital dropped over 15%, Sandisk fell over 9%, SK Hynix declined over 5%, and Micron Technology slid over 3%, dragging the broader chip sector lower. Intel, which had surged over 10% on August 4 following breakthroughs in its EMIB-T advanced packaging technology with yields approaching 90% and confirmation of MediaTek adoption, continued to see profit-taking. Daiwa Securities previously cut Intel's target price from $100 to $96, maintaining a neutral rating, with the new target below recent trading levels. Options market data also reflected cautious institutional sentiment, with a $6.84 million bearish call spread signaling limited conviction in further near-term upside.

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