How much did Intel and AMD fall?

Intel fell 3%, and AMD dropped 2.1%.

Were other chip companies affected?

Yes, Applied Materials fell 4.7%, Corning dropped 3%, and Micron and KLA also declined.

How does this decline affect the broader tech sector?

The selloff spread to major tech stocks like Netflix and Nvidia, indicating cautious sentiment ahead of earnings.

Chip Stocks Tumble: Intel and AMD Lead Selloff

Chip and AI stocks faced a sharp selloff on Friday, with Intel down 3% and AMD falling 2.1%, as concerns over slowing demand and trade tensions weighed on the sector.

July 17, 2026

2 min read

Source: Barrons.com

Key Numbers

AMD decline

2.1%

INTC decline

Applied Materials decline

4.7%

Corning decline

Chip stocks were hit hard on Friday as the selloff in semiconductor and AI names intensified. Intel (INTC) dropped 3%, while Advanced Micro Devices (AMD) fell 2.1%. Other chip-related stocks also declined: Applied Materials (AMAT) lost 4.7%, and Corning (GLW) fell 3%.

Reasons Behind the Move

The selloff is driven by growing fears of slowing demand for chips, exacerbated by escalating US-China trade tensions that could disrupt supply chains. Additionally, high valuations in AI stocks are prompting profit-taking.

Context

Over the past week, chip stocks have lost more than 5% of their value, with the Philadelphia Semiconductor Index (SOX) posting its worst weekly performance in months. Other companies like Micron (MU) and KLA Corporation (KLAC) also saw similar declines.

Similar Moves in the Sector

The selloff was not limited to chip stocks; major tech names like Netflix (NFLX) and Nvidia (NVDA) also fell, reflecting cautious sentiment ahead of upcoming earnings reports.

Frequently Asked Questions

The decline is due to fears of slowing chip demand, escalating US-China trade tensions, and profit-taking in high-valuation AI stocks.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.