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Wajeeh Khan

Intel Just Hit a New All-Time High. Does INTC Stock Have More Room to Run?

Intel Corporation INTC Stock Evercore ISI

Intel (INTC) stock printed an all-time high of nearly $84 this morning after the semiconductor firm reported a strong Q1 and issued impressive guidance for the current quarter. 

As investors cheered the giant’s $0.29 in earnings per share and $13.58 billion in revenue, its relative strength index (RSI) climbed into the early 80s, signaling overbought conditions that often precede a sharp pullback. 

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