On September 14, Intel declined 3.98% overnight, trading at $98.84/share, with turnover of $5.2034 million. The selloff came after the stock had posted significant cumulative gains over the prior week driven by multiple tailwinds including a planned 10% CPU price hike, Altera's planned IPO, and a Northland Securities upgrade to Outperform with a $120 target.

On the macro front, the US Bureau of Labor Statistics reported August PPI rising 5.4% year-over-year, exceeding market expectations. The hotter-than-expected inflation data pushed the probability of a Fed rate hike in September to 70%, while Treasury yields surged across the curve, with the 30-year yield climbing to 5.347%. The resulting compression in risk appetite triggered broad selling across high-valuation growth sectors, with the semiconductor industry bearing the brunt. Chip stocks declined in unison — Micron Technology fell 3.92%, AMD dropped 2.73%, Taiwan Semiconductor lost 1.66%, Broadcom shed 1.35%, and NVIDIA slipped 1.29%. The combination of macro headwinds and profit-taking pressure following Intel's recent rally amplified the downside move.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)