On June 1, Intel fell 6.03% in regular trading, trading at $109.455/share, with trading volume of $19.61 billion. The stock dropped from an opening price of $123.85 to an intraday low of $113.54, reflecting intense selling pressure throughout the session.
The decline was triggered by NVIDIA's official announcement at Computex Taipei of its RTX Spark super chip — the company's first consumer-grade ARM-based PC processor. Developed in partnership with Microsoft, ARM, and MediaTek, the chip integrates CPU, GPU, and AI engine into a single SoC with 128GB unified memory, targeting over 30 laptops and 10 desktops from major OEMs including Microsoft Surface, Dell, HP, Lenovo, and ASUS. NVIDIA CEO Jensen Huang characterized this as the first complete PC redesign in 40 years.
This move directly challenges the x86 architecture that Intel and AMD have dominated for decades in the PC processor market. The broader semiconductor sector reflected this structural shift, with ARM Holdings surging 12.24% and Micron Technology rising 6.34%, while Intel, AMD (-2.88%), and Qualcomm fell sharply. Additionally, Northland Capital recently downgraded Intel to Market Perform citing elevated valuations, and the average analyst price target stands at approximately $96.58 — well below recent trading levels.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
