
INTEL ROCKETS AS WALL STREET WAKES UP TO CPU DEMAND, STRONG ECONOMIC DATA, GREENLAND RELIEF RALLY
By Nigam Arora

To gain an edge, this is what you need to know today.
CPU Demand
Please click here for a chart of Intel stock (INTC).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of INTC stock is being used to illustrate the point.
- The chart shows INTC stock easily rocketed past the prior psychological resistance level of $50.
- The chart shows the Arora buy zone. The Arora Report gave a signal to buy INTC stock at a time when most analysts were giving sell signals. The reason The Arora Report gave a buy signal was early recognition that AI would eventually drive CPU demand and a prediction that Intel would receive more government support for its foundry business.