Intel is a leading digital chipmaker, focused on the design and manufacturing of microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors and was the prime proponent of Moore's law for advances in semiconductor manufacturing. Intel remains the market share leader in central processing units in both the PC and server end markets. Intel has also been expanding into new adjacencies, such as communications infrastructure, automotive, and the Internet of Things. Further, Intel expects to leverage its chip manufacturing capabilities into an outsourced foundry model where it constructs chips for others.

Micron ($MU) stock has experienced a significant drop from $44 to $36 over three weeks, with two straight waterfall days triggering a technical bounce. However, a move back to $55 seems unlikely at the moment, with a test of $40 or even lower expected. The absolute floor is likely $35-36, with $20 being considered a fantasy. Investors are keeping an eye on Intel ($INTC) stock, with predictions ranging from $48 to $38. There is anticipation for a bottom uptrend around the $38 mark.