Intel - probably higher by year-end

Today's earnings news will be digested by middle of next week. But we'll still be talking about semiconductor shortages for months to come.

I wanted to slow it down by looking at the monthly chart with a long-term linear regression channel.

Intel might be a bit oversold here. Monthly chart not a great way to view stock movement relative to earnings, though.

Didn't Intel just announce two new chip factories in Arizona? Didn't they make an offer to buy Global Foundries?

Will an investor (or trader) receive more value from buying the Global Foundries IPO or from bottom fishing Intel near-term?