Intel (INTC) jumped sharply Thursday after reports that SK Hynix is in exploratory talks with Intel about potentially producing memory chips at Intel’s Ohio manufacturing facility. The discussions are still preliminary, but the possibility of bringing additional advanced chip production to Intel’s U.S. facilities adds another potential customer to its foundry ambitions. The news comes as Intel continues its effort to expand domestic manufacturing and attract outside customers to its factories, giving investors another reason to reconsider the company’s longer-term turnaround story.

The news produced a powerful technical move, with INTC gaining about 7.7% to $108.80 on roughly 147 million shares of volume. Price broke firmly above its 8-, 21-, and 50-day moving averages, while PPO has turned positive and is accelerating. Directional movement is also bullish, with +DI at 37.05 versus -DI at 20.91, and RSI has risen to 62, showing strong momentum without yet reaching overbought territory. ADX remains relatively low at 15.76, suggesting the developing trend still needs confirmation, and resistance sits in the roughly $111–$118 area. Overall, however, the combination of heavy volume, improving momentum and a breakout above key moving averages gives INTC a bullish technical setup worth watching for continued upside over the next several sessions.

Wishing you the best,

Wendy

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