Moorhead also expects deferred PC demand to return once memory pricing stabilizes, with more optimism for 2028 than 2027. The 20-day SMA remains below the 50-day SMA, signaling short-term weakness.
Meanwhile, Intel’s relative strength index (RSI) stands at 25, indicating oversold conditions. On Oct.
30, UBS and JPMorgan maintained Neutral ratings while lowering their price forecasts to $80.
