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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting investor caution ahead of a pivotal shift in monetary policy, the technology sector experienced a broad selloff that dragged down major industry players. Intel stock tumbled 6% on Tuesday as part of this wider de-risking trend, while Alibaba shares traded lower amid regulatory warnings and heightened US scrutiny, despite the company's announced long-term AI strategy. Conversely, CoreWeave shares surged, driven by sustained investor demand following news of its upcoming inclusion in the Nasdaq-100 index.
This downturn comes at a sensitive time for the semiconductor industry, as peers like Nvidia and AMD have faced similar pressure in recent sessions with investors reappraising high-growth valuations. Per market data, INTC closed at $127.86 on June 15, 2026, retreating from an intraday high of $132.61. US-listed Chinese firms faced additional headwinds following Chinese inflation data which showed a 1.2% YoY increase, missing the 1.3% forecast according to economic calendar data from June 10.
Traders are now focused on the upcoming Federal Reserve decision under Chair Kevin Warsh, monitoring support levels for INTC at $126.66 and BABA at $112.11 (as of June 15, 2026 close). Looking ahead, the US Initial Jobless Claims scheduled for June 11 will serve as a critical catalyst, especially after the most recent CPI data showed annual inflation at 4.2%, further complicating the interest rate outlook for tech investors.