>> the market is finding this news to be a perfect excuse to take profits on Intel.
I agree it is a shallow profit taking by an institution. And the object of the selling is not only Intel.
Many large tech stocks are down even more %-age than INTC. ORCL, HPQ, Dell WDC, XLNX, ALTR.
AMD however, is up. Maybe someone takes seriously that AMD cancelling Intel's license is meaningful.