INTC, AMD Slide Premarket After Nvidia Unveils New PC Processor – Intel’s Xeon 6 Data Center CPU Launch Overshadowed

• Intel and AMD stock dropped about 4.2% in Monday’s premarket.
• The development is widely viewed as a significant shift for the PC industry.
• The retail sentiment was ‘bearish’ for INTC and ‘bullish’ for AMD on Monday.

Shares of Intel and Advanced Micro Devices fell about 4.2% in premarket trading on Monday, amid competitive concerns after Nvidia unveiled its first PC processors, entering a market long dominated by the two chipmakers.

At the Computex 2026 conference in Taipei, Taiwan, Nvidia announced that CEO Jensen Huang unveiled a new N1X processor developed in partnership with Microsoft. It will be incorporated into a new RTX Spark chip, debuting in the fall in the upcoming Windows computers from Microsoft, Dell, HP, ASUS, Lenovo, and MSI.

NVDA Shakes Up Chips Space Again

“Microsoft and Nvidia are going to reinvent the PC,” Huang said onstage. “This is the first completely re-engineered, reinvented line of PCs that has happened in 40 years.”

The development is widely viewed as a significant shift for the PC industry. For decades, Intel and AMD have dominated the market with x86-based processors.

Anticipation around Nvidia’s Arm-based PC chip has been building for years. Reuters reported in 2023 that Nvidia was developing a PC processor as part of Microsoft’s broader effort to expand the ecosystem of Arm-based chips for Windows computers.

The development overshadowed Intel’s own announcement at Computex. The chipmaker unveiled the Xeon 6+ CPU, built using Intel’s most advanced 18A process. Intel claims the flagship 6990E+ delivers an average 30% per-thread performance improvement compared to AMD’s 192-core Epyc 9965, as well as up to 30% better power efficiency.  

The chipmaker also teased Xeon 7, details about its next-generation Xeon 7 CPUs, codenamed Diamond Rapids, which are now officially slated to launch in 2027.

Retail View On INTC, AMD

On Stocktwits, the retail sentiment remained ‘bearish’ for INTC and ‘bullish’ for AMD. Traders discussed how Nvidia’s entry into the PC chip market affects the two companies, but some said Apple, which designs its own chips, could be one of the losers.

“This is the beginning of the end for Apple,” a trader said. It really is if you'll look at it it's just a matter of time before Nvidia and OpenAI come up with the right device to remove Apple from the ecosystem altogether.

Crucially, the drops should be best viewed in the context of incredible gains in INTC and AMD in recent months. As of the last close, INTC is 211% year to date, while AMD and INTC is up 141%.

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