Intel shares are likely to remain on investors’ radar screens after a report over the weekend revealed that Broadcom and Taiwan Semiconductor Manufacturing Co. (TSMC) are considering bids for parts of the embattled chipmaker.
The news has boosted sentiment surrounding Intel’s stock, which surged more than 20% last week after Vice President JD Vance said the Trump administration would take steps to ensure AI chips are designed and manufactured in the US, a move that could benefit Intel’s foundry business.
However, Intel shares have lost nearly half their value over the past year amid concerns about the chipmaker’s turnaround plan. Despite this, the stock has remained mostly rangebound since gapping sharply lower in early August last year, potentially carving out a rectangle bottoming pattern.
The Relative Strength Index (RSI) sits just below the 70 threshold, confirming bullish momentum and setting the stage for positive price action to continue this week. Key overhead areas to watch include $26, $32, $37, and $45, while a major support level near $19 is also worth monitoring.
Investors should keep an eye on these key levels as Intel’s share price continues to be influenced by the reported bids from Broadcom and TSMC. The company’s potential partnership with TSMC to fabricate chips in the US has been a topic of speculation, which has contributed to the recent surge in sentiment around the stock.
As the market continues to watch Intel’s progress, it is essential to stay informed about the latest developments and technical analysis that could impact the stock price.
Source: https://www.investopedia.com/watch-these-intel-stock-price-levels-as-deal-speculation-mounts-11681229