Intel Tumbles 7% Despite BoA Double Upgrade, AMD Slides 6% as AI Infrastructure Deal Can’t Stop Profit-Taking

Shares of Intel (NASDAQ:INTC) are down 7% astatine midday connected Tuesday, portion Advanced Micro Devices (NASDAQ:AMD) banal is sliding 6%. The pullback comes aft a torrid multi-session rally successful some names.

Intel banal closed yesterday astatine $127.86, having climbed 18% implicit the past month. AMD banal ended Monday astatine $547.26, an all-time high.

No caller antagonistic catalyst is driving the slide. Today looks similar a regular consolidation aft a vertical move.

Profit-Taking, Not Fundamentals

The irony is hard to miss for Intel. The chipmaker received a Bank of America (NYSE:BAC) treble upgrade to Buy from Underperform past week, with the terms people lifted to $135 from $96, citing CPU and foundry maturation positive an agentic-AI opportunity. Yet, Intel banal is among the worst performers successful the radical today.

The fundamentals supporting the rally stay intact. Intel's Q1 FY2026 results showed non-GAAP EPS of $0.29 versus the $0.0127 estimation and gross of $13.58 billion, with the Data Center and AI conception up 22% twelvemonth implicit twelvemonth to $5.05 billion. Intel CEO Lip-Bu Tan framed the agentic-AI displacement arsenic "significantly expanding the request for Intel's CPUs and wafer and precocious packaging offerings."

For AMD, today's header catalyst was really positive. The institution secured a caller AI infrastructure statement with Rackspace, gathering connected a Q1 FY2026 people that delivered gross of $10.25 billion, up 38% twelvemonth implicit year, and Data Center income of $5.78 billion, up 57%. Advanced Micro Devices CEO Lisa Su precocious described AI infrastructure request arsenic "accelerating," with MI450 Series lawsuit forecasts exceeding archetypal expectations.

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Reddit sentiment is reinforcing the breather thesis. Intel sentiment connected r/WallStreetBets has cooled from a precise bullish 82 connected June 12 to a neutral 48 by June 15, with the communicative shifting toward a r/investing thread titled "redistribute Intel banal oregon hold?" That tonal displacement aligns with the terms enactment seen midday.