Intel share price in the direction of the strong direction where Broadcom and NVIDIA come
The Intel share price increased on Monday, as MAKET’s reaction to the news stating that Broadcom and Nvidia are testing the capabilities of its chips for advanced AI applications. The news INTEL (NASDAQ: INC) sent a 3.5 % at the time of writing this report to $ 24.62. The company’s fundamentals are more promoted through the news surrounding the potential seizure of its work that is found by the semiconductor manufacturer, the semiconductor manufacturer in Taiwan (TSMC).
Monday news sources reported that NVIDIA and Broadcom have started testing the Intel 18A manufacturing process to assess its ability to manufacture high -end artificial intelligence chips. A successful test can lead to raising Intel and bringing great profits from giant technology companies, as you expect the industrial intelligence industry to grow significantly in the next decade.
Meanwhile, the potential acquisition of INTEL work on the cards is still, as it was reported that TSMC requires a presentation. Such an offer is likely to receive US President Donald Trump’s support, who was explicit about securing manufacturing functions in the United States and intensifying the ability to manufacture semiconductors.
The Intel share price increased by 21 % last month, and increased by 20 % of the year. He saw this that it is trading over the main moving averages, including SMA 20 and 50 levels. Also, the average trend for the arrow (ADX) is 27, which indicates a strong higher momentum.
Intel share price
INTEL shares are preferred at $ 24.30 and momentum indicators on the upward trend to continue. With buyers control, the InTC price is likely to move and face the first resistance at $ 24.85. The breaking of this level will enhance the bullish momentum and can test the second barrier at $ 25.50.
On the contrary, breaking the axial sign will turn the momentum into the negative side. The first support is likely $ 23.90. However, the strongest momentum will be broken without this level, which will nullify the bullish narration. Control by sellers can extend the negative side of the second support test at 23.40 dollars.
