$INTC TOP 20
Added 2024-11-01 12:34:48 +0000 UTCUp +8.6% in the PM now
The report was a miss last night but they announced further cost cutting measures and plan to cut a further 15,000 jobs which they expect to save $3 Billion from this changes.
Market seemed to like this and I don't believe they were expecting much positivity from their report.
Certainly feels very bottomy in this Buy Zone under $24
Price was testing the $24 level directly after the report yesterday which we know is the breakout level, holding above this level and $INTC has a route back to the 200 Day MA at $32.
Right now, the price is just at the triangle breakout level at $23.33....there is still a bit of work to do
Inspite of all of this....$INTC is infinitely in a stronger position to $SMCI right now....even though they confirmed they will be releasing their earnings on the 5th of November.
