Intel's Restructuring Plans Boost Stock Rally.
Intel's recent surge in stock price may have been due to investors expecting a favorable response from a potential deal with Nvidia, but dip buyers likely took profits this week, sending INTC down. However, Intel's IFS roadmap and business model underscore progress, and with expected margin accretion and cost savings, market operators are likely looking past Intel's previous challenges. INTC is close to forming a golden cross, suggesting positive momentum in favor of dip buying, and a medium-term bottom may be in play. Rating: Buy (Revised from Hold).