INTC:NAS has moved to TSMC 3nm. That ensures the company’s GPU success is not tied to its new foundry business. Intel’s U.S. government support remains critical, and the new 18A node should help generate revenue growth.
We’re yet to see a shift in momentum, and the stock remains under Algo Engine sell conditions.
INTC:NAS has rallied following the breakout above the $31 resistance. Several analysts have upgraded their price targets, and commentary has generally turned bullish. The trailing stop loss should be lifted to $32.50.
INTC:NAS is under Algo Engine buy conditions. We suggest accumulating Intel within the $40 – $44 price range. Patient investors can expect Intel shares to double over the next 3 – 5 years.
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