Public trading strategy
Google just placed a massive AI chip order with Intel — turnaround play on INTC
Thesis
Intel has been struggling to win major foundry customers against its rival TSMC. Landing a multi-million unit order from a tech giant like Google signals that Intel's manufacturing turnaround is gaining real traction. As the company prepares to produce these chips over the next few years, investor confidence in their revenue growth should naturally push the stock price higher.
Strategy approach
Build a momentum strategy that enters long INTC on the D1 timeframe when price closes above the 20-day SMA and RSI(14) crosses above 60. Exit if the price closes below the 20-day SMA or if RSI drops below 40. Use a 10% trailing stop.
Markets and timeframes
INTCD1