Intel Is The Stock To Go Long On Pullback

  • Post category:Technology
  • Reading time:4 mins read
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Intel stock has recently confirmed a Resurrection Cross and is the stock to go long when we eventually get a pullback.

INTC stock chart on June 18 2023 with a Resurrection Cross
INTC stock chart on June 18, 2023, with a Resurrection Cross back on May 9, 2023

Intel is a multinational technology company that designs and manufactures microprocessors, chipsets, and other semiconductor products. They develop computer processors, memory chips, 5G network technology, and other hardware and software products for various markets, including personal computers, data centers, and the Internet of Things (IoT). Intel also provides software and services related to cloud computing, artificial intelligence, and autonomous vehicles.

Intel stock appears to finally be turning around.

Intel is intensifying its efforts to complete next-generation chip fabs in the US and in Europe. In order to meet the demand for chip testing and assembly on the continent, Intel is constructing a new chip plant in Poland. Europe also wants domestically produced chips.

Intel already has a presence in the neighboring country of Germany, and the company is reportedly in line to receive an $11 billion subsidy. Next week, CEO Pat Gelsinger will meet with Olaf Scholz, the German Chancellor. As discussions about the company’s plans for an assembly and packaging plant there advance, Italy is also marked on the map.

For several years, Intel has been expanding its chip production capacity globally. In March 2021, Intel announced plans to invest $20 billion in two new chip manufacturing facilities in Arizona, USA. The company also opened a new chip plant in Vietnam in late 2020 and has been reportedly considering building a new plant in India. These moves by Intel indicate the company’s focus on increasing its semiconductor production capacity to meet rising demand for computer chips.

Intel has been investing in quantum computing research and development for several years, and in 2018, it announced the development of a 49-qubit quantum chip, which is currently the largest publicly-announced quantum chip by any company. Intel is also collaborating with academic institutions and industry partners to advance quantum computing technology and applications. Its ultimate goal is to develop a commercially viable quantum computer that can solve complex problems that are beyond the capabilities of classical computers.

How quantum computing will change our world | Intel

How neuromorphic computing will change our world in wonderful ways | Intel

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