Shares of Intel and AMD Have Plummeted in the Last Few Days. Is It Time to Panic?
Yahoo Finance ·
There have been few happier investors than Intel ( INTC 2.47% ) and AMD ( AMD +2.13% ) investors in 2026. If you purchased shares at the start of 2026, the returns have been phenomenal. Intel's stock essentially tripled, while AMD's stock is up around 140%. Those are fantastic results, but both stocks have shown weakness in the past few days. Since the calendar flipped to July, there has been heavy selling pressure on these two names, and AMD stock has plunged more than 10% while Intel is down 20%. That's a major sell-off in a short time frame, but does that mean it's time for investors to panic and sell the stock? Or is this a prime buying opportunity? Let's find out. AMD and Intel have a theme in common: They're both turnaround plays. Both AMD and Intel have lost to their chief rivals in recent years, and the market is betting on a major turnaround. AMD is trying to gain ground on Nvidia ( NVDA +3.90% ) in the GPU marketplace . The biggest growth area for this product line is in the data center space, where Nvidia has outright dominated AMD. However, there were hopes that AMD could gain some ground back on Nvidia.
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