Over the years, Intel has been pummeled by its rivals. Once the darling of the go-go 90’s, Intel had fallen hard. AMD, Nvidia and Broadcom easily skated past.
However, what goes around, comes around. Intel has risen from the ashes and transformed itself into a powerhouse. With a new management team in place, the company seems to be headed in the right direction.
The chart is a thing of beauty. Bulls are loving the multi-year highs on big volume. The cloud and money flow are strong, and after a bit of sideways action, we could see Intel make a run into the 70’s.
Intel Chart Analysis
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Intel Corporation provides computing, networking, data storage, and communication solutions worldwide. The company was founded in 1968 and is headquartered in Santa Clara, California.