$INTC is directly benefiting from the Semi Sell off, particularly in $NVDA, $TSM, $SMCI and $AMD.
$INTC had not been following these companies higher over the last few months and declined rapidly.
Market is realising that in terms of risk v reward, $INTC is looking good here.
Looks like we are in Wave 5 now, with the target at the 200 Day MA.