I personally don't believe in Intel's revenge comeback. I think it's a short term media fuelled rush to get on the boat. Even if other giants team up with Intel, I think the price will drop when the hype is over unless they really produce good results. Intel had always been unable to keep up with its highs. The higher it goes, the faster it drops. Instead of jumping into the boat, maybe shorting could be another option for speculative traders.
Intel Beats Sales! Above $40, Smooth Sailing Ahead?
Intel reported better-than-expected third-quarter sales, signaling that demand for its core x86 processors for PCs has recovered.Revenue: $13.65 billion versus $13.14 billion estimated
EPS: 23 cents, adjusted, not comparable to analyst estimates
The report is Intel’s first since the U.S. government became the company’s top shareholder in August with a 10% stake.
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