Intel kicked off this year with very strong gains!
Shares are up more than 7% today, bringing them close to the record levels from November. However, the price still sits below the resistance level of $44. If $INTC shares can get past that level, they could return to the prices investors saw at the company before 2022.
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Yeah, I follow Intel, it’s a good company.
I wrote a few posts here saying the government won’t let Intel fall.
Intel needs time and confidence that what’s been downright screwed up over the past few years will improve with time.
Nvidia probably had some reason (I think it was to cozy up to the government where the sun doesn’t shine :D).
Time will tell if there are people at Intel who will give 100% to get the company back to competitiveness.