Intel Stock Drops 7% Amid AI Competition and Supply Constraints; Wall Street Remains Cautious

Intel shares have fallen 7% recently due to increased competition in AI from Nvidia and others, as well as ongoing supply chain challenges. The company is investing heavily in AI, including a $100 million stake in SambaNova and progress on AI hardware projects like the Saimemory ZAM prototype. Despite these efforts, Wall Street consensus remains cautious with a 'Reduce' rating overall and concerns about foundry inefficiencies and supply constraints limiting near-term growth.