A Massive Buying Signal Just Flashed for Intel Stock Investors Before the July 23 Earnings Report
A major revelation from foundry giant TSMC suggests Intel could deliver stronger-than-expected results and guidance.
Overview
With massive gains of 357% over the past year, Intel (NASDAQ: INTC) has emerged as a top semiconductor play due to the company's fast-improving financial health and its growing influence in artificial intelligence (AI) chips.
However, Intel stock has slipped 25% from the 52-week high it reached on June 30. The company will release its second-quarter 2026 earnings report after the market closes on July 23, and there is a good chance the stock will regain momentum, thanks to a recent revelation from foundry giant Taiwan Semiconductor Manufacturing.
Details
Let's take a closer look at this potential development that could spark a rally in Intel's shares.
Source
Originally published at www.fool.com.