INTC Stock Pops: This Analyst Says an Intel Short Squeeze Is Underway

Shares of Intel (NASDAQ:INTC) are up by 10% during the past five trading days. That’s due to shorts covering, according to analysts at Mizuho.“ARM ripped 8% Fri, AMD up 5% and near 8% past week, and even ON up 8% in past week (likely on TSLA rally). If hedge funds long AI semis want to lower exposure and rotate into non-Semi longs, they will sell some NVDA, AVGO, MU and cover shorts,” said the firm. Mizuho added that these shorts include Intel and Advanced Micro Devices (NASDAQ:AMD).Analysts added that some ...