Intel stock approaches $100 as SK Hynix considers U.S. production partnership
Intel is getting another positive push in premarket trading, but the biggest event for the market is still ahead. The Fed decision could quickly change the tone of trading later in the regular session.
67.35
95.68
SK Hynix is discussing a potential agreement with Intel that could bring production by the South Korean memory-chip maker to the U.S. for the first time. One option under consideration involves leasing part of Intel’s Ohio complex currently under construction, while another would involve forming a joint venture with Intel and major cloud companies. No final agreement has been reached.
For Intel, such a partnership could provide additional utilization for the Ohio site, where the first two fabs were previously delayed until 2030–2031.
Recovery scenario keeps $106.50 in focus
The recovery setup outlined earlier continues to play out. Intel stock climbed as high as $100.50, although sellers regained control during the session and the price finished near the 50-day SMA.
In premarket trading on September 16, the shares are back near $100 following reports of a potential partnership with SK Hynix. That keeps the $106.50 target in focus.
Extra caution is warranted today, however. The Fed decision and subsequent press conference could trigger a sharp increase in volatility during the second half of the regular session.
A sustained move below $96 would invalidate the base-case recovery scenario.
Fed decision raises the risk of sharp intraday swings
Intel’s technical setup today is likely to depend not only on company-specific news but also on the broader market reaction to the Fed.
That creates the potential for sharp moves in either direction later in the session. For short-term traders, the risk of false breakouts and rapid reversals is particularly high around the rate decision and press conference, making caution especially important during that period.
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