AMD Falls 5%, Intel Drops 4%, NVIDIA Slides 3% Before Recovering as Rotation Hits Semiconductor Stocks

Semiconductor stocks slid in a broad rotation as AMD, Intel, and NVIDIA all fell before partially recovering during Friday trading. AMD shares dropped 5% to $477.81, Intel fell 4% to $93.24, and NVIDIA slipped 3% to $201.60, while Broadcom declined 2% to $366.51. The iShares Semiconductor ETF (SOXX) also eased 3% to $515.76 early on. Investors attributed the weakness to AI infrastructure cost concerns and a positioning-driven unwind from the most crowded areas of the AI trade, rather than a company-specific catalyst. The decline follows broader pressure across the sector, with global semiconductor market value down about $3.3 trillion since June 22. The article also cites higher-than-expected capex guidance at TSMC and reporting that Alphabet’s Gemini 3.5 Pro is behind schedule.