Intel Corporation (NASDAQ: 
INTC) stock has been on a tear lately, as expectations grow ahead of the chipmaker's quarterly results due after the closing bell Thursday.
The shares jumped nearly 12% amid a broad market rally to close above $54 Wednesday, extending the stock's recent gains as several Wall Street analysts pointed to signs of better-than-expected demand for the company's AI products.
Shares of Intel, which have added nearly half their value in January alone, have already surpassed the consensus price target around $45.
Technically,INTC is in a bullish symmetrical triangle, the ceiling of the triangle has been broken with eyes on the $80 zone should earnings beat analyst estimates.
About INTC
Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Intel Products, Intel Foundry, and All Other segments. The company offers microprocessor and chipset, stand-alone SoC, and multichip package; Computer Systems and Devices; hardware products comprising CPUs, graphics processing units (GPUs), accelerators, and field programmable gate arrays (FPGAs
INTC) stock has been on a tear lately, as expectations grow ahead of the chipmaker's quarterly results due after the closing bell Thursday.The shares jumped nearly 12% amid a broad market rally to close above $54 Wednesday, extending the stock's recent gains as several Wall Street analysts pointed to signs of better-than-expected demand for the company's AI products.
Shares of Intel, which have added nearly half their value in January alone, have already surpassed the consensus price target around $45.
Technically,
INTC is in a bullish symmetrical triangle, the ceiling of the triangle has been broken with eyes on the $80 zone should earnings beat analyst estimates. About INTC
Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Intel Products, Intel Foundry, and All Other segments. The company offers microprocessor and chipset, stand-alone SoC, and multichip package; Computer Systems and Devices; hardware products comprising CPUs, graphics processing units (GPUs), accelerators, and field programmable gate arrays (FPGAs
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.