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Intel shed 5% Thursday after a 188% YTD parabolic run, dragging NVIDIA down 2% as profit-taking hit the sector with no fresh catalyst.
SOXX dropped 3%, nearly triple QQQ's 1% decline, as 10-year Treasury yields hit 4.84%, a near three-year high that compressed chip valuations.
Intel's Q2 revenue rose 25% with AI and Data Center up 59%, while NVIDIA guided Q3 to $108 billion, keeping the AI bull case intact.
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