Intel (INTC) has gained about 263.09% year to date at the time of writing, Tuesday afternoon, June 23. Meanwhile, the SPDR S&P 500 index (SPY) is up about 8.04% in the same period.

Intel stock has outpaced the S&P 500 by a wide margin, thanks to its position in the semiconductor sector, which is rallying on the AI boom.

News that fueled the INTC stock rally:

The wider tech sector is facing a sell-off, and Intel is caught in it, trading 5.07% down at $133.79, as reported by Yahoo Finance.

The current sell-off is probably just a small bump in the road, at least if Bank of America analysts are correct. Bank of America analyst Vivek Arya and his team were in the bearish camp, rating Intel stock underperform until June…