Intel stock trades at largest margin above 200-day moving average in history

Price Action

โดย Yahoo Finance·Read original

Summary · why it matters

Intel stock is trading above its 200-day moving average by the largest margin in history, surpassing the peak of the dot-com bubble, according to Yahoo Finance AlphaSpace data. The stock has surged 200% this year, driven by a dramatic comeback under CEO Lip-Bu Tan, including improvements to its next-generation 18A manufacturing process and shipments of advanced Core Ultra Panther Lake processors. Investor confidence has been further boosted by reports that Apple and Google are collaborating with Intel to design and build chips in the US, as well as investments from the US government and Nvidia. Despite the strong uptrend, the stock has sold off sharply since hitting a record high on June 30 amid a broader pullback in chip stocks.