Intel and AMD Shares Slump Amid AI Investment Return Concerns

Key Facts

1AMD shares declined 6.64% and Intel dropped 6.17% during Thursday morning trading.

2Technology shares were pressured by Meta's latest earnings report and concerns over the scale of AI spending.

3The Philadelphia Semiconductor Index dropped approximately 4% as investor caution increased.

AMD shares declined 6.64% and Intel dropped 6.17% during Thursday morning trading on October 22, 2026. Invezz reported that technology shares were pressured by Meta's latest earnings report and concerns over the scale of AI spending, causing the Philadelphia Semiconductor Index to drop approximately 4%.

INTC closed at $92.96 on October 21, 2026, while META closed at $697.52 on the same date. In the broader tech sector, AAPL was trading at $342.8143 on October 22, 2026, while MSFT and GOOGL maintained closing prices of $532.95 and $334.76 respectively on October 21, 2026.