Intel (NASDAQ: INTC) Shares Down 1% – Here Why

Intel Corporation (NASDAQ:INTC – Get Free Report)’s share price fell 1% during mid-day trading on Wednesday . The stock traded as low as $119.44 and last traded at $122.60. 84,401,963 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 117,854,898 shares. The stock had previously closed at $123.86. Positive Sentiment: Intel CEO Lip-Bu Tan said the company can fulfill only about half of current customer CPU demand, suggesting strong orders for processors used in AI inference and persistent-agent workloads. The supply constraint could support pricing and future revenue if Intel expands production. Intel can fill only half of CPU orders Positive Sentiment: Management…