Nvidia continues to drop on semi weakness, Intel hits 52-week low
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Nvidia (NASDAQ:NVDA) continued to drop on Thursday as semiconductor stocks experienced a swath of selling, with chip giant Intel (NASDAQ:INTC) hitting a 52-week low.
Nvidia (NVDA) fell nearly 3%, to $161.67 a share, shortly before 1 p.m. ET, though it was off the worst levels of the session, when it touched $156.48 a share earlier in the day.
The Jensen Huang-led Nvidia (NVDA) has seen its shares fall more than 46% year-to-date.
Intel (INTC) was fractionally lower at $42.82 a share, but had hit a new 52-week low of $42.13 shortly after trading opened. 
Investors have become worried in recent days after the Pat Gelsinger-led Intel (INTC) said its outlook for the rest of 2022 was "uncertain," due in part to weakness surrounding PCs, particularly amongst consumers. 
Advanced Micro Devices (NASDAQ:AMD), which competes with both Nvidia (NVDA) and Intel (INTC), also declined, falling nearly 2% to $86.44, with its hares down 42% year-to-date.
Semiconductor foundries, such as Taiwan Semiconductor (TSM) and GlobalFoundries (GFS), were mixed, as Taiwan Semi fell 1%, while GlobalFoundries rose nearly 1.5%.
On Wednesday, Intel (INTC) showed off several new data center chips to better position itself against Nvidia (NVDA) and AMD (AMD), which have encroached on Intel's business in recent years and taken market share away from the Santa Clara, California-based chip giant.