Chip giant Intel (NASDAQ: INTC) has borne the brunt of the sell-off, losing half of its value in 2022. That isn't surprising, as weakening demand, surging inflation, and a hawkish Federal Reserve have combined to send shares of once high-flying stocks into the abyss. The company has been consistently losing ground to rival Advanced Micro Devices (NASDAQ: AMD), explaining Intel's woeful performance in the second quarter of 2022.