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We Don’t Think Intel Will Spoil the Tech Rally

publication date: Jan 28, 2023
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Image Shown: The Invesco QQQ ETF has broken through its technical downtrend, and we don’t think Intel’s poor outlook will derail this tech rally. Image Source: TradingView. 

Intel no longer is the bellwether it once was. Its market capitalization has dwindled significantly in recent years and now stands at ~116.5 billion, lower than Advanced Micro Devices' market capitalization of ~$121.6 billion, Texas Instruments' market capitalization of ~$158.8 billion, and Nvidia’s market capitalization of ~$501 billion. Taiwan Semiconductor has a market capitalization of ~$431 billion, while ASML Holding has a market capitalization of ~$268 billion. Intel no longer is what it once was, and as such, we don’t think its poor and borderline shocking outlook will derail a tech rally that could have significant legs. We still like these markets, and we don’t think Intel will spoil the party.


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