Careful readers will realize that quantum is the long-term play, and there is no executive in the industry positioned to enable that reality like Lip Bu Tan.
Remember when Gelsinger came back and the stock speculatively shot up to $65, and everyone was salivating? And when he left, tail tucked, it was trading at $24?
Anyone who has a hard time wrapping their heads around the fact that the market fluctuates (especially in the wake of unprecedented socioeconomic headwinds/political unrest) and chooses instead to embrace a “stock price go up, stock price go down, bad mad sad bad >:(“ mindset is warmly invited to go join BK (who I believe is currently in the business of selling used boat parts- a much more stable market for the “risk averse”).
This is the most critical point in this company’s history to date. A bet has been made- and unlike the entitled, limp-wristed creatures that have preceded him in the post-Grove era, he has fully committed to that bet. I’m staying tuned.