Intel Stock Slumps 5.1% After Nvidia Unveils RTX Spark Chip
INTC•Intel shares tumbled 5.14% on Friday, trading 191.68 million shares after rallying over 230% from near $40 to almost $133 since late March. The slide intensified as Nvidia unveiled its Arm-based RTX Spark superchip for Windows devices while Intel’s Crescent Island GPU remains months from sampling.
1. Intel’s 2026 Rally Peaks and Plunges
Intel shares soared over 230% from a late-March low near $40 to a May 11 high of almost $133, forming a bull flag breakout around May 20. That momentum stalled, and on Friday the stock plunged 5.14% on approximately 191.68 million shares, signaling profit-taking after the vertical rally.
2. Nvidia Launches Arm-Based RTX Spark for Windows PCs
At Computex, Nvidia introduced its RTX Spark superchip—an Arm-based processor paired with a Blackwell GPU—set to ship this fall across Dell, HP, Microsoft, Lenovo, ASUS and MSI devices. Traders interpreted the launch as a direct challenge to Intel’s PC processor dominance, triggering a gap lower in early trading.
3. Institutional Selling Pressure Undercuts Rebound
The Chaikin Money Flow indicator fell from late May into early June, dropping to 0.13 despite high prices, suggesting institutions have begun exiting positions. If the ascending support trendline on the CMF breaks while shares weaken, analysts warn the breakdown could accelerate.
