$Intel(INTC.US)Intel this is one of those “expectations got chased up… and still beaten” situations. Stock had already run into earnings, so bar was high — but results/guidance still cleared it, forcing another leg higher.

That tells you two things:

• positioning wasn’t fully crowded (still shorts / skeptics)

• narrative shift (turnaround + AI + policy) is gaining credibility

After a move like this, it’s less about fundamentals, more about how price digests gains.

Strong, but now crowded short term.

@Bridge Buzz SG