The market continues to dump water all over Intel's (INTC) - Get Intel Corporation (INTC) Report circuit-board. 

Shares of the chip maker opened below the key 200-day moving average on Monday amid fresh concerns on its leadership and competitive positioning. The stock is only 5% or so away from reaching bear market territory, or off about 20% since a June 1 record high hit weeks before the surprise resignation of Brian Krzanich as CEO due to inappropriate behavior

Intel saw a fresh bout of selling Monday following a rating downgrade from Barclays analyst Blayne Curtis to hold from buy. The analyst had hopes Krzanich's replacement would be a "disruptive external candidate", but it now looks the short list of executives doesn't fit that mold. 

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Curtis also says competitive pressures from Intel rival Advanced Micro Devices (AMD) - Get Advanced Micro Devices, Inc. Report will likely weigh on the company. 

Read TheStreet's exclusive interview with AMD (AMD) - Get Advanced Micro Devices, Inc. Report CEO Lisa Su.

Meanwhile, Jim Cramer's Action Alerts PLUS continues to be bullish on chip-marker Nvidia (NVDA) - Get NVIDIA Corporation Report . TheStreet reported recently Nvidia is poised to announce its next powerful graphics chip in just a few weeks

Intel's stock isn't working. Source: Bloomberg