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Intel Plunges 27% as Investors Trigger AI Stock Selloff
By Drooid · · How we work
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- U.S. investors triggered a selloff in AI stocks as Intel fell over 27% premarket.
- Nasdaq futures slipped more than 2% after Intel and Amazon earnings reports.
- Treasury yields dropped to multi-week lows as investors moved into safe cash.
- Amazon shares fell 6.5% premarket while its cloud business kept strong growth.
- Intel warned of personal-computer demand slowdown and cited supply-chain disruption.
