Is Intel Stock On The Verge Of Breaking Out?

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ValueWalk

President Biden has been promoting US chip stocks.Intel shares have been setting higher lows.The stock appears to be on the verge of a technical breakout.5 stocks we like better than Advanced Micro DevicesIntel Corporation (NASDAQ:INTC) ended the year with a ton of baggage and a beaten-down stock price. Shares had given up more than 60% in less than two years, and the chip giant had been under increasing pressure from investors to get it together. However, it’s looking like shares have managed to put in a low as the bears look to have run out of steam, for now, at least. Let’s see what kind of…

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