Intel, Marvell Technology, and AMD Stocks Trade Down, What You Need To Know

July 3, 2026 - 02:30

A broad selloff hit semiconductor stocks in afternoon trading Thursday, with shares of Intel, Marvell Technology, and AMD all trading lower. The decline came as investors grew cautious over signs that the red-hot demand for artificial intelligence chips may be losing some steam.

Intel shares dropped more than 3% in the session, while Marvell fell over 4% and AMD lost nearly 2%. The moves followed a broader pullback in the Philadelphia Semiconductor Index, which slipped as traders locked in profits after a strong run in chip stocks this year.

The selloff was triggered by a mix of factors, including cautious commentary from some industry analysts and a dip in AI-related chip orders from major cloud providers. While long-term demand for AI infrastructure remains a central theme on Wall Street, recent data suggests that the pace of growth could be slowing as companies reassess their spending plans.

Intel, which has been struggling to regain its footing in the data center market, remains particularly sensitive to shifts in AI sentiment. Marvell and AMD, both key players in networking and computing chips for AI workloads, also face increased competition and pricing pressure.

Investors are now watching for upcoming earnings reports from major chipmakers to gauge whether the cooling trend is temporary or signals a deeper slowdown. For now, the sector remains volatile as the market digests the latest signals on AI demand.