The stock is extremely expensive at over 30x '27 EPS targets, investors are advised to use the rally to exit positions as prospects remain bleak and dilution has increased.
https://seekingalpha.com/article/4828407-intel-no-resolution-to-foundry-and-ai-problems
The stock appears to be moving to what will prove to be the new price range.
Getting 18A to production adds to the balance sheet improvement and recent partnership announcements.
Next up will be some brave company willing to become an external customer. Anyone? Bueller?
I peg the range as mid $20s to low $40s (say 26.50 to 42.50), and the first retest is likely to be the deepest. INTC remains an awesome trade for those with enough patience.
But AMD is 200x earnings and Intel is a much better company.
To Infinity..and Beyond!
Time to load up!
@a1 AI managers soon.