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.
