Intel Breaks Dot-Com Era Ceiling with 26% Premarket Surge
Intel soared 26% in premarket trading after earnings, breaking above its dot-com era ceiling set in 2000 and marking its best month in at least 50 years. The stock has rallied over 60% since March 30, adding nearly $130 billion in market value and pushing its RSI to a 24-year high.
1. Historic Breakout Past Dot-Com High
Intel’s shares jumped 26% in premarket trading following its latest earnings report, pushing the stock above the ceiling it reached during the dot-com boom in 2000. This surge marks the company’s strongest monthly performance in at least five decades.
2. Market Cap Gains and Momentum Surge
Since bottoming on March 30, Intel has rallied over 60%, adding nearly $130 billion in market capitalization. Its monthly relative strength index has climbed to 75, a level only reached three times since the dot-com bust, signaling powerful momentum.
3. Key Technical Thresholds to Watch
Investors are focused on closing above $75.83 to confirm a genuine breakout and record high close, while a slide below $65 would suggest a false breakout and likely prolonged consolidation before another advance.