Intel Stock Slumps as Apple Marginalizes Intel-Based Macs
Intel Corporation's stock has been trending down by -6.73% after reports of worsening chip demand and margin pressure.
The recent INTC run from the low $90s to above $100 shows strong momentum, but also stretched short-term risk-reward for late longs.
The bigger strategic story runs through Apple, which has told Mac App Store developers they may drop support for Intel-based Macs in apps needing macOS 13 or later.