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$INTC #update This idea just took a day to pan out, any pullbacks to that zone again will be long swing @TENETTRADEGROUP https://t.co/29jGpeOoHs https://t.co/2a41b9SxjQ
Looking that way for $INTC on buy the dump #2 to just sub 30- decent little rally so far as a laggard on AI and/or improving PC demand- assumption is capitulation on known huge foundry losses https://t.co/bikF7oXGYS
$GLW q2 + pre (slightly greater than q1 beat) on gen AI upside; UBS upping $NVDA well above street for C'25 on strong exp'd Blackwell demand; $INTC even up 5+% on suggestions of 2H laggard play (saw Melius comments)
Intel Corporation ($INTC) is experiencing a notable pre-market surge, with shares up by over 5%. The stock is approaching its April high AVWAP at 33.30. This rise is attributed to suggestions of Intel being a second-half laggard play, driven by improving PC demand and AI advancements. Analysts have also noted capitulation on significant foundry losses, with UBS and Melius comments contributing to the positive sentiment. The rally is seen as a response to potential long-term gains.