The excitement around Intel and other chip stocks cooled down in a big way on Tuesday.

Shares of Intel

INTC closed down 6.8% on Tuesday alongside those of chip makers such as Micron Technology MU and Sandisk SNDK. Micron’s stock fell 3.6%, while Sandisk’s stock was off 6.2%. Those three stocks have been some of the poster children for the blazing artificial-intelligence rally that’s been taking the market by storm in recent weeks.