Intel Shares Trade Near $101 as Foundry Losses Test Turnaround
Photo: TokenPost
Intel shares traded near $101 Monday as weakness across semiconductor stocks renewed scrutiny of the company’s recovery and foundry losses. The stock fell more than 3% during the session after dropping 5.3% on Oct. 8. Intel closed at $104.70 on Oct. 9 following a September rally, extending recent pressure on Intel shares . Microsoft is preparing to deploy its Maia 300 custom processors in cloud and AI operations beginning in 2027. The custom chips aim to support Azure cloud and artificial intelligence services while reducing operating costs and reliance on external suppliers.
Source: TokenPost
