Intel (NASDAQ: $INTC) Rises After CEO’s Chinese Speech

Intel (NASDAQ: INTC) gained momentum in Wednesday’s trading session after CEO Lip-Bu Tan delivered a speech in Chinese during Intel’s 40th-anniversary celebration in the Chinese market. While the content of the speech was important, the fact that Tan used Chinese for the address made the biggest impact. Investors viewed the gesture as a strategic cultural connection and a positive signal for Intel’s presence in China, helping push shares higher by more than 2%.

Tan used the anniversary event to highlight Intel’s long-term commitment to the Chinese market, emphasizing collaboration, innovation, and partnership during the current surge in artificial intelligence technologies. He called on partners to continue working with Intel to seize new opportunities created by rapid AI growth and evolving semiconductor demand.

The CEO reinforced Intel’s core mission, saying his priority is to create products that solve customers’ most pressing challenges and restore confidence in the broader market. Chinese analysts interpreted the speech as a smart move to appeal directly to local consumers and business partners. While trade restrictions still limit which technologies can be imported into China, the landscape continues to shift along with negotiations and global demand.

Technical Outlook
Intel’s chart currently leans bearish. Price faced rejection at a strong double resistance zone around $39, formed by horizontal resistance and a descending trendline. Bears maintain short-term control unless price breaks above this confluence. If bulls manage a breakout, the next target becomes the previous high near $51. If rejection continues, the next major support sits far lower around $17, making it an important level for long-term buyers.