The Intel share price in the Premark session rose on Friday, as investors continued to bet on the possibilities of an agreement with the semiconductor manufacturer in Taiwan (TSMC). The stock was traded at $ 23.20 at the time of writing this report, an increase of 0.48 %, a day after the Taiwanese government stated that TSMC needed approval in front of any projects abroad.
The momentum on the price of Intel has been in the upward trend in recent weeks, which led to 13.5 % gains last month. For context, NVIDIA decreased by 1.45 % and lost Broadcom 4.9 % of its value in that period. While the two companies have stronger financial data, Intel (Nasdaq: Intc) has the upper hand due to potential acquisition of its troubled masculin work.
TSMC controls about 655 of the global chips market, and its acquisition of Intel chips can help separate the losses of the losses in the United States while pumping into boxes that affect the need. In addition, another, Broadcom is interested in acquiring the Intel Fire Design Unit. This puts the Intel share for a possible continuation of the upper part in the coming weeks.
However, the possible barriers set by the Taiwan government against the Intel deal from TSCM can limit the ups of the INTC price. In addition, this deal can feel the impact of imminent commercial tariffs against semiconductor imports.
Intel share price
The Intel Axis at $ 23.00 shows the procedure above this level control level. The first barrier is likely to be at 23.20 dollars, but the extended bullish momentum will collapse above this level and probably test $ 23.40.
Instead, a fracture of less than $ 23.00 will indicate the start of control by the sellers. This first support is likely to witness $ 22.80. The bullish direction would be invalid if the price is less than this level. In addition, the resulting momentum can take a lower price and the second support test at $ 22.60.
