TradingKey – Intel (NASDAQ: INTC) rose 10.84% to $100.86 on Tuesday, outperforming the semiconductor industry by more than four percentage points. The stock closed at $91.00 on Monday, making Tuesday’s gain one of its best sessions in recent months and increasing the company’s market value by about $50 billion.

The surge was triggered by chip stocks moving higher on the back of Palantir’s blockbuster earnings report, but Intel also had its own positive momentum after reporting solid second-quarter results. But early Wednesday trading had shares slipping back toward $98.41, indicating that some investors were taking profits from the wild ride. Trading volume also failed to confirm the breakout, as 124.4 million shares were traded, which…