TradingKey – Intel Corp. (NASDAQ: INTC) is now selling for $113.50 as it retraces the $104 to $106 range it hit July 8, after the semiconductor sector sold off following the Philadelphia Semiconductor Index’s 10.8% loss in 10 sessions. The stock is above the EMA200 ($108.66) on the 4H, which has broken out, RSI at 48.37 is neutral, and buying has started to reappear in the breakout area.

Intel is getting another big piece of news this week, as Perplexity AI has chosen Nvidia’s Vera chip over Intel and AMD following an AI direct inference test. This will solidify Nvidia’s lead over Intel and AMD in inference performance. On July 23, Intel reports Q2 FY2026 results where we should hear more about foundry execution and 18A progress….