Intel drops nearly 10% again, down 37% across three brutal sessions

Intel can't find a floor. Shares of the chipmaker dropped nearly 10% on the day, extending a collapse that has now taken 37% off the stock across just three trading sessions, according to @KobeissiLetter. The decline kept building rather than easing.

The dollar damage is enormous. About $450 billion in market capitalization has been wiped out from the stock's peak, the account said. That's a staggering amount of value gone in a matter of days for one of the biggest names in semiconductors.

Intel trades under the ticker INTC and has long been a fixture of the American chip industry. The three-day drop ranks among the sharpest short-term moves the stock has posted. The post from @KobeissiLetter did not point to a specific catalyst behind the selling.

For now, the numbers tell the story: nearly 10% down on the day, 37% down over three sessions, $450 billion gone from the peak. Traders will be watching the next session closely to see whether the bleeding finally stops.