The semiconductor market is described as moving away from early GPU-led AI growth towards infrastructure-focused companies such as Intel and AMD. The text uses Elliott Wave analysis to frame Intel\u2019s price action and rally structure.<\/p>\n
Intel\u2019s rally from 2009 peaked at $59.59 in April 2019. A later expanded flat correction retraced more than 76.4% of that rise, with wave II stated as ending in April 2025, followed by a move of over 700%.<\/p>\n
A 261.8% Fibonacci extension of the wave I\u2013II move is given at 144.07 as a target area for wave III. The daily wave levels listed are: $43.28 for wave ((1)), $34.95 for wave ((2)), $54.60 for wave (1) of ((3)), $40.63 for wave (2) of ((3)), and $132.75 for wave (3) of ((3)).<\/p>\n
For 2026 year-to-date performance, Intel is up 240% and ranked second. Micron is up 750%, while NVDA is up 15%.<\/p>\n
Given the current market dynamics on May 19, 2026, we see a clear rotation out of first-wave AI leaders and into foundational semiconductor plays. Looking back, Nvidia\u2019s slowing growth was confirmed in its Q1 2026 earnings report, where data center revenue growth fell to just 25% year-over-year, a stark contrast to the triple-digit growth seen through 2024 and 2025. This slowdown, combined with ongoing China sales restrictions, justifies its mere 15% year-to-date gain and suggests traders should temper bullish expectations.<\/p>\n
For Intel, the analysis indicates we are in a temporary pullback within a much larger upward trend. This wave (4) dip should be viewed as a strategic entry point for bullish positions before the next leg higher. The 700% rally since the April 2025 lows is supported by fundamental wins, such as the landmark $50 billion cloud contract Intel\u2019s foundry division secured in late 2025.<\/p>\n
Derivative traders should consider using this pullback to structure new long positions in Intel. We are watching for this correction to stabilize, potentially creating a base from which the next rally towards the $144 target can launch. Purchasing call options or bull call spreads with expirations in Q3 2026 would provide enough time to capture this anticipated move higher.<\/p>\n
The broader market confirms this shift, with Micron’s astonishing 750% year-to-date rally highlighting the immense demand for essential AI components like its next-generation HBM memory. This move underscores the market’s focus on the picks and shovels of the AI build-out rather than the initial GPU leaders. For traders holding Nvidia, implementing covered call strategies could be a prudent way to generate income while the stock consolidates.<\/p>\n","protected":false},"excerpt":{"rendered":"
Semiconductors shift to infrastructure leaders; Elliott Wave sees Intel wave III targeting 144.07 amid strong 2026 gains.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-47085","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\n\t\t