Last Friday, U.S. stock markets opened for half the day following Thanksgiving Day. Intel (INTC) shares surged by 10.19% to close at $40.56. The stock might re-take its 52-week high of $42.48 next.
The chances of Intel’s rally continuing are remote. Momentum investors bet on INTC stock after analysts at TF International Securities said that Intel might make a deal with Apple (AAPL). Ming-Chi Kuo wrote that Apple previously signed a deal with Intel to obtain the advanced-node 18AP PDK 0.9.1GA. After Intel releases PDK 1.0/1.1, scheduled for the first quarter of 2026, Apple might ship Intel’s low-end M processors.
Investors who bought INTC stock from $20 should let the stock try its breakout. Those who bought at $40, however, have limited upside in making the same bet.
Sandisk (SNDK) gained nearly tenfold in 2025. More recently, the stock pulled back from $284.76 to close at $223.28 on Nov. 28. NAND market conditions are undersupplied through at least 2026. Firms like Western Digital (WD0C and Seagate (STX) are thriving from strong storage demand, driven by AI.
Watch out for NAND demand to pull back, should AI-related momentum slow down. Sandisk stock will react first if this shift. Micron Technology (MU) and Marvel (MRVL) would also react to any demand deceleration. Fortunately, the industry has not yet shown this reversal.
