Intel Slides With Chip Stocks

It's Benzinga bringing Wall Street to Main Street. Intel shares fell in pre-market trading Friday as investors pulled back from large-cap technology stocks in a broader risk-off move that weighed on the semiconductor sector, according to Benzinga. NASDAQ futures fell 0.36 percent and S&P 500 futures slipped 0.07 percent, while Intel remained up 372.46 percent over the past 12 months. The decline followed gains on Thursday after reports that MetaPlatform's plans to double its in-house compute capacity to 14 gigawatts next year. Micron Technology also announced plans to invest more than $250 billion in the U.S. through 2035. Intel is scheduled to report second-quarter results on July 23, with analysts expecting earnings of $0.19 per share on revenue of $14.40 billion. Shares were down 2.77 percent at $109.42 during pre-market trading on Friday, according to Benzinga ProData. For all things money, visit Benzinga.com.