Chip Stocks Tumble on Wednesday, INTC Down 2.7%, SOXX Falls 2%

Semiconductor stocks fell in premarket trading on Wednesday, snapping a two-session rebound. Intel led declines with a 2.7% drop, followed by Advanced Micro Devices and Micron, each down 1.8%, while Nvidia edged down 0.9%. The iShares Semiconductor ETF (SOXX) fell 2%, reversing gains from Tuesday's 5.5% surge.

Retail sentiment on Stocktwits shifted, with Intel and Micron moving from bullish to neutral, amid concerns over tech sector rotation and competitive pressure from low-cost Chinese AI models. Investors are awaiting Alphabet's earnings later Wednesday and Intel's earnings report Thursday for further market direction.