Intel shares surge on Q3 results

Intel's strong Q3 results exceed analysts' expectations

 

The market witnessed a strong surge in the shares of tech giant Intel today.

The stock jumped more than 9% after the announcement of its third-quarter

 revenue and earnings results, which exceeded expectations.

Intel is currently developing its 18A AI chips,

in addition to expanding its production capacity in Arizona.

The stock rose to $41 today,

with expected declines to $34,

which are important support levels for the stock that could push it

up again if buy signals emerge.

However, if the decline continues and a deep correction occurs, 

the correction may continue to reach the $30 level,

 which is considered one of the most important buying areas currently,

 and from there it is expected to rise to the $41 level again.