Team Blue is catching a break from Team Green (Nvidia – NVDA) and Advanced Micro Device (AMD). Since late April, Intel (INTC) shares found support at around $30.00. Intel rallied by 6.15% on Monday to begin its breakout.
Technology investors are betting confidently that Intel is among the AI hardware companies that will grow revenue thanks to higher infrastructure spending. Super Micro Computer (SMCI), Taiwan Semiconductor (TSM), Broadcom (AVGO), Marvell (MRVL), and Qualcomm (QCOM) will also report higher sales related to customer data centers and cloud investments.
Trade the AMD and INTC rally by selling the position on each rise. Both firms are technologically behind that of Nvidia. Customers prefer Nvidia’s fastest, more power-efficient AI servers.
In the aerospace sector, stock markets are starting to ignore the bad news from Boeing (BA). The FAA ordered inspections of 2,600 Boeing 737 airplanes. The administration is concerned that its oxygen masks may fail in case of an emergency. On Monday, United Airlines (UAL) landed a 777 plane at LA airport after it lost a tire shortly after taking off.
Investors may consider other aerospace and defense stocks. This includes L3Harris (LHX), Lockheed Martin (LMT), and RTX (RTX). Boeing has limited upside as it continues to resolve numerous quality and safety issues.
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