Well Intel this week was up 12% and we got that buy signal here on Thursday. So, Intel does have a buy signal. Similar situation to AMD. The market's not helping. The sector is not helping, but the stock itself is looking pretty darn smooth, but you got 70% of the move is working against it.
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You caught 10 more points on Core Weeb after a big gap higher in the pre-market on the Meta partnership announcement in September and Corweave signing that 14 billion deal with Meta in the inner circle seeing that initial gap but then catching more because of David and his levels under $29 was a key spot for David on the Intel on Intel after the Nvidia announcement news and we got a big green candle the next day a 5% move again thanks to David levels and knowing this theme and this trade uh when it comes to this market.
Intel pushed back to 105 and moving up. I think Intel, you know, when it came back in, that might have been a really good opportunity because uh this company's going to be big for getting that uh Terraab company uh up and running.
Uh this is now the second day that it's trading above the 50-day SMA. Great sign. We continue to hold that uh for you know I would say maybe tomorrow and the rest of the week. I I believe this is going higher.
You do have a small gap fill that takes you up to uh 121 and a half. Is that what that value is? Uh 122 basically. Um, so there's a there's a potential gap still there if we uh manage to to uh get up through uh what is this 116.
It's looking pretty good as long as this continues to hold above the VWAP. I'm sorry, the uh the 50-day SMA.
Uh next chart up with Intel, much like on LITE, on the verge of a potential breakout. Now, notice price action pierced this inclining or declining trend line today and pulled back ever so slightly to close under 105, but we're knocking on the door for a potential breakout.
So, watch tomorrow at 105.60. We get a breakout, we need a confirming push, then any pullbacks down to this trend line can be a buying opportunity for the resumption of upward movement on this chart.
All right, guys. That leaves us now though with the final absolute largest holding in Nvidia's portfolio. And it's one that has been uh really at the center of endless debate and speculation over the past year.
And that is Intel, ticker symbol INTC, which Nvidia owns an incredible $30 billion worth of the stock, making it the only position that is, you know, worth close to like half of their entire portfolio.
next up we have into it here. In it falling on earnings today. Take a look at this drop again. A nasty fall. Got a big bounce and it's kind of been chopping around. It did get as low as about $300 yesterday after hours.
Now, if we look at the chart, the chart had been grinding up for quite some time, now taking a beating. There is one level I'll be watching today which is right around this 296 gap fill.
That should be a key technical level. That would also be a pierce of yesterday's after hours low and a pierce of the 300 even number. Plus, it's also a Fibonacci retrace zone and gap fill.
So 296 is kind of what I'm eyeing on this. We'll see if it flushes. Uh it's definitely a possibility this could easily get down there intraday.