TradingKey – Intel Corporation (NASDAQ: INTC) is currently priced at $110.32, marking a nearly 21% dip from the $140.05 range highlighted in this coverage on June 30. The pullback came on the heels of a week of general semicondutor selling that started July 1 following a Bank of America report that the AI chip space was becoming overvalued. The selling pressure persisted through July 2, finally reaching Intel as it fell another 9.87% on July 7 amid speculation that the company’s 18A process may not generate profitable yields until 2026 or even 2027. It did confirm some price increases in consumer and Xeon products, however. RSI at 37 is nearing oversold levels with early signs of positive divergence. Even with that weakness, HSBC…