Intel Earnings After The Close
I have posted bullish notes on INTC on a few occasions at lower prices and today is going to be another launch pad for higher Intel stock prices. The chart is absolutely bullish and there are future gap fills coming at 32 and 38. This piece below doesn’t mention Intel but is reflective of the fact that the semi glut is history. While the quarter just past was probably still not positive for INTC it is making progress on it’s turnaround and ready to return to profitable growth going forward. https://www.zerohedge.com/markets/bottoming-out-worlds-second-largest-memory-chipmaker-sees-bust-cycle-industry-ending
I agree. I’m reading very favorable stuff regarding Intel closing the gap to AMD processors. Regional compartmentalization should also favor Intel if/when things blow up in Taiwan.