INTC Just Wall Street having a tantrum over refusal to divest the networking unit most likely. They always chase short-sighted gains at the expense of the future.
Intel leadership made the right call. Divesture was a move borne of desperation and things have changed.
INTC Over the past few days (Nov 28-Dec 2): a strong bullish candle (+8.18% to $39.82) → a bullish doji (+2.3% to $40.56, hesitation) → another strong bullish candle (+7.97% to $43.20) → today's intraday doji-like bullish candle (expected close near $42.92, +1.5%). This classic "upthrust followed by doji digestion" rhythm signals persistent bull strength but waning momentum (neutral volume ~100M shares, no explosive surge).
INTC has surged past the $42.48 A-wave high, invalidating the A-B-C correction and confirming a Wave 3 impulse setup—targeting $45-48 amid Foundry momentum. Monitor $40 support for pullback risks. I'll publish a new INTC analysis Idea as soon as possible.
INTC Ahh yes. 2027 contract to manufacture chips with low supply and profit margins. I love government investments (bailouts) combined with government forced contracts (bailouts). House of cards