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Intel shares drop 3% after a 223% YTD gain amid sector-wide chip stock profit taking.

Market News
24 Sep 2026
24/7 Wall Street
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Bearish
Intel shares drop 3% after a 223% YTD gain amid sector-wide chip stock profit taking.

Intel shares fell 3% following an extraordinary 223% gain year-to-date, as investors take profits amid a broader pullback in chip stocks. AMD also dropped 3%, while NVIDIA slipped 1%, reflecting sector-level selling rather than company-specific issues. The semiconductor ETF (SOXX) declined more sharply than the broader tech ETF (QQQ), indicating a rotation within the chip sector. Investors holding large gains in Intel may consider trimming positions ahead of its Q3 2026 earnings report to manage risk.

Intel shares are currently up 0.91% on Pluang, trading at USD 123.71 with a market cap of $648.08B. NVIDIA is down 1.19% at USD 222.97, with a market cap of $5.45T. These figures are as of Sep 24, 2026 20:44 WIB.

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