TradingKey – Intel Stock Surges Over 4%: Will the $100 Make-or-Break Level Be Breached This Time?

On October 19, Eastern Time, Intel (INTC) staged a strong rebound during pre-market trading today after experiencing a sharp short-term pullback following the macro deleveraging of the US semiconductor sector in mid-October. The stock jumped over 4% in a single day, trading at $93.84.

The direct catalyst for Intel’s stock rebound was investment banks recognizing its recent progress in foundry services and cost structure optimization, moving away from their previously extremely bearish stance and directly attracting significant institutional pre-market buying. Pre-market today, JPMorgan (JPM) released its latest research report, upgrading…