Intel, AMD and Qualcomm slide as Nvidia targets AI PC market with RTX Spark chip

Intel (INTC), AMD, and Qualcomm shares fell on Monday after Nvidia unveiled its new RTX Spark PC chip, designed to run AI agents directly on personal devices. The launch challenges Intel and AMD’s long-standing dominance in the PC chip market while also increasing competition for Qualcomm, which has been expanding its portfolio of AI-focused processors. Intel shares had fallen more than 4%, while AMD had slipped over 3%. Qualcomm led the declines, shedding more than 6%. All three stocks had reco