$Intel(INTC)$ Looks like market makers and dealers are playing their usual games ahead of the triple witching. No real reason for Intel to be dropping like this.
$Intel(INTC)$ The last couple of sessions are a pretty good example of why you buy into the fear and then just wait patiently. They still have to stuff these full of shares that they can't find. Just saying.
I'm even more confident now that we have a rally coming. Things like $Invesco QQQ(QQQ)$ are forming a perfect flag. But that doesn't mean semis will rally to new ATH or anything — it feels more like rotation into mega caps, software, and other areas.
$Oracle(ORCL)$ ORCL briefly broke below the $140 support level but bounced right back. If the broader market pulls back, $135 looks very likely, but if it can hold above 140, a move toward 160+ in the coming weeks seems possible.
$Intel(INTC)$ Reading SK's statement, they aren't disputing that the discussions happened. All they said is that it isn't finalized yet. So the question becomes whether someone would want to buy before or after it's finalized. Trump will hit foreign-made chips with a large tariff.