Core Insights - Intel's shares rose significantly after reporting a profit that exceeded Wall Street expectations, indicating progress in its turnaround strategy [1][7] - The company has seen a 90% increase in stock value this year, largely driven by investments from Nvidia and SoftBank, as well as a 10% stake from the U.S. government [2] Financial Performance - Intel's third-quarter results reflect "steady progress" in its turnaround plan, with CEO Lip-Bu Tan highlighting the demand for AI as a key growth opportunity [1] - The stock price reached $38.60, up 1.2%, and previously surged above $41, marking its highest level since April 2024 [2] Technical Analysis - Intel shares have formed a rectangle pattern in October, suggesting a continuation of the recent bullish trend [4][7] - A golden cross was observed when the 50-day moving average crossed above the 200-day moving average, indicating a sustained upward trend [4] Price Projections - Using the measured move technique, a near-term bullish target for Intel's stock is projected at $49, calculated by adding $10 to the top trendline of the rectangle formation [6][7] - Important support levels to monitor are around $36, $32, and $29 [7]