Home / News / Intel shares are soaring by 10% in trading today.
Intel shares are soaring by 10% in trading today.
<p>Intel shares are surging 10% today, helped by a combination of improving analyst sentiment, potential pricing power and increased optimism surrounding the company’s foundry business.</p><p></p><p>Northland Securities upgraded Intel to Outperform from Market Perform and established a $120 price target. Analyst Gus Richard pointed to improving execution in Intel’s turnaround, tight supplies of server processors and the potential benefit from the company’s reported involvement with Tesla’s Terafab semiconductor project.</p><p>If that relationship develops, it could provide an important boost for Intel Foundry, the division responsible for manufacturing chips for outside customers.</p><p>Separately, DigiTimes reported that Intel may raise CPU prices by as much as 10%. If demand remains firm and processor supplies stay constrained, higher prices could help Intel improve margins and strengthen its financial and manufacturing position.</p><p>Those fundamental developments have given buyers a reason to push the stock higher. However, the technical picture is what tells traders where the bullish bias remains intact—and where it begins to weaken.</p><p>Buyers started taking control last week</p><p>Intel shares fell below the 100-day moving average on August 18 and remained below that longer-term technical barometer as the price declined to $85.14 on August 24.</p><p>The first signs of a potential turnaround appeared last week. The price moved above its 100-hour moving average—curren
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<p>Intel shares are surging 10% today, helped by a combination of improving analyst sentiment, potential pricing power and increased optimism surrounding the company’s foundry business.</p><p></p><p>Northland Securities upgraded Intel to Outperform from Market Perform and established a $120 price target. Analyst Gus Richard pointed to improving execution in Intel’s turnaround, tight supplies of server processors and the potential benefit from the company’s reported involvement with Tesla’s Terafab semiconductor project.</p><p>If that relationship develops, it could provide an important boost for Intel Foundry, the division responsible for manufacturing chips for outside customers.</p><p>Separately, DigiTimes reported that Intel may raise CPU prices by as much as 10%. If demand remains firm and processor supplies stay constrained, higher prices could help Intel improve margins and strengthen its financial and manufacturing position.</p><p>Those fundamental developments have given buyers a reason to push the stock higher. However, the technical picture is what tells traders where the bullish bias remains intact—and where it begins to weaken.</p><p>Buyers started taking control last week</p><p>Intel shares fell below the 100-day moving average on August 18 and remained below that longer-term technical barometer as the price declined to $85.14 on August 24.</p><p>The first signs of a potential turnaround appeared last week. The price moved above its 100-hour moving average—curren
