Quick Read – Intel (INTC) led Friday’s selloff with an 8% decline to $108 after surging 214% year to date on Apple (AAPL) foundry speculation and a blowout Q1 earnings report with non-GAAP EPS of $0.29. – AMD (AMD) dropped 4% to $432 with Q1 revenue of $10.25B up 38% year over…
ar and Data Center revenue jumping 57% to $5.78B; NVIDIA (NVDA) fell 4% to $226 ahead of its May 20 earnings report with a 95% probability of a beat priced in by Polymarket. – Profit-takers are locking in gains after parabolic multi-week rallies in the AI chip group, with pre-earnings positioning around NVIDIA’s May 20 report amplifying the rotation across all three chipmakers. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and AMD wasn’t one of them. Get them here FREE
The semiconductor sector is selling off at the open on Friday, with all three major U.S.-listed chipmakers giving back a slice of their parabolic spring rallies. Intel (NASDAQ:INTC) shares are leading the move lower, sliding 8% in early trading to $108 from Thursday’s close of $115.93. Advanced Micro Devices (NASDAQ:AMD) stock is down 4% to $432, while NVIDIA (NASDAQ:NVDA) shares are off 4% at $226.
The coordinated decline lands after one of the steepest multi-week runs the AI chip group has produced in years. This is the AI semiconductor complex behaving the way parabolic moves usually do. Profit-takers are locking in gains heading into the weekend, and pre-earnings positioning around NVIDIA’s May 20 report is amplifying the rotation across Intel, AMD, and NVIDIA shares.