Over the last year, Intel shares have rallied more than double on hopes of a turnaround for the embattled American chipmaker.

Precious metals continued to dominate Wall Street headlines on Friday as silver surged through the $100-per-ounce threshold and traded around $101 per ounce by midday in New York, marking a staggering 230% gain over the past year.

Intel shares tumbled Friday after the chipmaker's outlook disappointed, erasing much of the stock's gains over the past few weeks. Wall Street analysts suggested some of the investor enthusiasm behind the stock's recent rally may have been premature.

For the most part, Wall Street analysts maintained a hold-equivalent rating on Intel after supply constraints weighed on the company's current-quarter outlook.