$Intel(INTC)$ The price action has been pretty weak lately. It seems like there's some selling pressure trying to push it down toward the 100 level, but buyers are trying to hold it up. I'm personally watching the 100 area closely; if it gets down there, I might consider adding to my position. I recall doing well the last time it traded around the 98 to 100 zone. It feels like a similar setup could be forming again.
$Oracle(ORCL)$ It's down about half a percent. Honestly, I see that as a good position opportunity at $140. Any positive news and this could really take off.
$Intel(INTC)$ Honestly, I kind of want them to keep the price down before earnings. I'd feel a lot more confident going into the report if it doesn't run up first.
$Oracle(ORCL)$ The stock price is actually lower now than it was before the company announced any deal with OpenAI. It seems like there's literally zero upside priced in for the revenue from those massive OpenAI deals. And Oracle already has the purchase orders from OpenAI. So that revenue is on its way.
The Fed's new AI task force is out, with big names like Andreessen on board. The core question they're looking at is whether AI will help lower inflation or add to it. Williams has already pointed to rising power and chip costs. Meanwhile, $Invesco QQQ(QQQ)$ , $SPDR S&P 500 ETF Trust(SPY)$ , SPX, and $iShares Russell 2000 ETF(IWM)$ are all sitting right on their stacked moving averages, with the uptrend still intact.
The market closed higher as risk appetite returned. The main driver was continued strength in semiconductor names, with chip stocks extending their recent momentum and helping lift the broader indexes. $SPDR S&P 500 ETF Trust(SPY)$ is holding firm as buyers continue to support the broader market trend. $Invesco QQQ(QQQ)$ is showing strength, likely due to renewed demand in technology and AI-related names. $SPDR Dow Jones Industrial Average ETF Trust(DIA)$ is participating in the move, though growth stocks remain the main focus. On the macro side, headlines around potential Iran negotiations helped ease some uncertainty. The key question now is