新闻和分析

Cardano (ADA) is trading neutral at $0.7215 this week, slightly underperforming the broader market, where Bitcoin (BTC) is up 1.5% to $82,381. The token faces additional pressure following the SEC's decision to delay its ruling on an ADA-ETF until May 29. While this news has minimal impact in a rising market, it weighs heavily on ADA during corrections.

Despite this, Cardano's technical outlook remains strong. The token recently dipped below the $0.8000 support level and could decline further to $0.6000, presenting potential buying opportunities. ADA has proven its resilience, and its inclusion in discussions about a Federal crypto reserve adds fundamental support to its long-term prospects.

Intel Corp's share jump to $27.55 in mid-February turned out to be short-lived and was replaced by a retest of the technical support area around $20 in early March. However, investors in Intel have new hope after a nearly 13% spike well above $23 per share during the pre-market trading activity on March 13. In order not to rush to further mid-term conclusions, now we just need to wait until at least the end of the current week, and better yet, the dynamics of the first two days following the weekend. However, the reason for higher excitement this time seems worth attention.

A joint venture to operate Intel’s business in the United States is ultimately formed, according to Reuters sources, with a deal struck by the wide pool of great chip makers, led by Taiwan Semiconductor, with all grands including NVIDIA, AMD, Broadcom participating as Intel’s biggest potential manufacturing customers and Qualcomm "being approached". Joint venture drive for additional income and rising U.S. market share is clear but talks are still in an early stage. The only thing that looked known was that Trump's White House administration allegedly approached the Taiwan-rooted company to help rescue Intel. Such news looks more than plausible, considering Intel was suffering from technology gaps in the face of the AI chip domination. Intel missed the revolution in GPUs (graphic processing units). Republicans are ambitious for not to come to terms with Intel's loss-making factories which they consider as a national treasure. Therefore, making more efforts for a spin-off of Intel's foundry units is a reasonable step.

Another sign of a possible sanitation is Lip-Bu Tan's fresh appointment as Intel's head at this supposedly pivotal moment. To give you a small background, Lip-BuTan is a 65 yo Malaysian-born executive who grew up in Singapore, holding degrees in both physics and nuclear engineering. He initially joined Intel's board in 2022, and he led a chip design software company named Cadence before that. Cadence was among Intel's suppliers for more than a decade. Cadence stock actually climbed over 4,000% under his direct guidance. However, he had to quit Intel's board in summer 2024 due to reported disagreements with Intel's former CEO's Gelsinger's plans, as Tan got frustrated by Intel’s risk-averse and bureaucratic culture. When Gelsinger took the reins four years ago, Intel stock was trading above $60, but times are changing.

In early March, TSMC officially said at a press event with Trump that it plans to make a $100 billion investment to build five additional chip facilities in the U.S. Trump has yet to approve TSMC's proposal, but the same sources said the U.S. President is going to allow TSMC to operate former Intel’s factories under the condition that TSMC will not own more than 50% in the joint venture. Help is on the way. If so, Intel's comeback is somewhere around the corner, even though any real business transformation would take years, so that the crowd of investors should be patient anyway.

Markets just got indulged into a renewed scepticism about the proper, or quick enough, speed of monetization for artificial intelligence (AI) features developed by Photoshop creator Adobe. For the previous quarter, Adobe actually sold $5.71 million worth of its services, beating estimates of $5.66 billion. This was a record achievement for the entire existence of Adobe's business, but performed only 1.8% better quarter-on-quarter and 10% higher year-on-year. Consensus earnings were beaten by even a wider margin, as the company earned $5.08 per share, compared with estimates of $4.97 per share and against $4.81 in the previous quarter (+5.6%) and $4.48 in the same period one year ago (+13.4%). However, the crowd, spoiled by the overall AI segment success, is no longer satisfied with these current Adobe growth numbers and is thirsty for more. Recent weeks' pullback in tech stocks played, of course, its role in the negative reaction to the report, which was compounded by Adobe's relatively modest forecast for the rest of the year.

Thus, shares of the company lost almost 5% in the extended trading this Wednesday, March 12, following Adobe's current quarter's revenue projection, set between $5.77 billion and $5.82 billion, even though this clearly continued an uptrend in sales and was basically in line with Wall St analyst pool's numbers, according to data compiled by LSEG. The last wave of the rising market sentiment in Adobe started exactly two months ago, on January 13, when the stock bounced from its 18-month local dips below $404 per share to reach the levels above $465 in mid-February. AThen the growth potential became exhausted, and now it was not restored by the reaffirming statement from Adobe management on its annual revenue forecast as the company is "well positioned to capitalize on the acceleration of the creative economy driven by AI".

Annual "recurring revenue" for Adobe’s "AI and add-on offerings" was $125 million only, as its CFO Dan Durn expects it may double in the next three quarters, which was not enough for the crowd's satisfaction. People want even higher sales numbers instead of eloquence, and are willing to postpone the next wave of Adobe's rally until better times. A return to the major technical support around $400 looks quite possible, as does a slide even somewhat lower for a while. Yet, a move to the average analyst target around $560 promised 27.7% of potential income even before the overnight decline began, and it could give even more to patient investors who are going to wait for lower levels to pick up the stock which is still cheapening. Tough competition from newly born startups is here, but for me, Adobe looks stronger than most newcomers.

Maker (MKR) is down 6.2% this week to $1,120, underperforming the broader crypto market, where Bitcoin (BTC) has gained 1.6% to $83,261. MKR surged by 39.6% to $1,599 in February, fuelled by strong market activity. Whale Alert recently reported a significant burn of MKR worth $156.7 million, a bold move that temporarily pushed prices above key resistance levels. However, a proper retest of the $1,000 support is necessary to confirm stability. If this level holds, the bullish scenario could regain momentum, making further upside the likely outcome.