AMD, NVIDIA and Intel Forecast: Chip Stocks Push Higher

The market for Intel looks like it’s ever so slightly positive. Of course, we still have those elevated rates. The $140 level above could be a bit of a target. I think that $140 level is an area that traders will be looking at as a major swing high, a major resistance barrier, and ultimately, short-term pullbacks open up the possibility of the opportunity to find value in the market.

Ultimately, this is a market that I like a lot. It gets a lot of support from the U.S. government and, of course, is a great way to get exposure to data centers, PCs, AI, you name it.