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Intel shares slide after Nvidia halts advanced chip test
Intel stock dropped as reports indicated Nvidia halted testing of Intel’s advanced 18A manufacturing process, affecting chip sector sentiment.
Intel shares declined in premarket trading after reports said Nvidia stopped testing use of Intel’s advanced 18A chip manufacturing process. The stock fell about 2.7% as investors reacted to the development, and Nvidia’s own shares saw minor moves. Reduced expectations for the collaboration weighed on sentiment, with broader chip sector performance mixed in the thin holiday trading session.