Intel Shares Weigh on Nasdaq as Chip Sector Drops 1.15% Ahead of Fed

INTC•2026-06-17

Technology sector fell with chip shares leading a 1.15% decline in the Nasdaq Composite on June 16 as investors rotated ahead of the Fed’s June 17 rate decision, dragging Intel lower alongside Nvidia’s 2% drop and declines at AMD and Broadcom. U.S. futures later edged up with Nasdaq 100 futures rising 0.21% overnight.

Intel Shares Weigh on Nasdaq as Chip Sector Drops 1.15% Ahead of Fed

1. Sector Selloff Hits Intel

Related News

Qualcomm Explores $8–$10B Tenstorrent Acquisition, Analyst Highlights Risks

Fox Launches $22 Billion Bid to Acquire Roku in Streaming Consolidation

Arista Raises $11.5B Revenue Forecast as Stock Soars 8.1% on AI Demand

Sources

Intel takes a major step toward turning around a business that's bleeding cash

S&P 500, Nasdaq, Dow Futures Edge Higher Ahead Of Fed Rate Decision: INTC, SNAP, SOFI, RUM In Focus

Arista Forecasts $11.5B 2026 Revenue but Faces $6.2B Deferred Backlog

SpaceX Seals $60B Cursor Deal; Call Volume Hits Top-5 Record