Intel stock experienced a significant surge on Wednesday following President Trump's announcement of a 90-day pause on certain tariffs, leading to a rally in chip stocks. The stock reclaimed the September low, indicating a potential continuation of the upward trend. Investors should keep an eye on key resistance levels around $25 and $35, as well as a critical support zone between $18.50 and $17.

The surge in Intel (INTC) shares was supported by reports of a possible joint venture with Taiwan Semiconductor Manufacturing Company (TSM) to manage the U.S. company’s foundry business. Both tariff developments and potential business deals could influence the stock's performance. Despite a 44% decline over the past year due to restructuring uncertainties and market speculations, Intel shares rose by 19% to close at $21.53.

Analyzing Intel's monthly chart reveals a bullish reversal pattern after a downtrend, with the stock regaining key levels. Further upside movement may lead to resistance at around $25, followed by a target of $35 in the longer term. Investors are advised to be prepared for volatility in the stock, given the increased trading volume since August last year.