Subject: Re: INTC
INTC reported a Q3 that trounced expectations for earnings, strong cost control and even revenue above expectations due to data center demand. But the crux of their recovery is really what happens with their foundry business and whether they can be a competitive partner for AI chips. On that point, it still seems we are in a wait and see mode. Can they compete in this domain? Nothing in the Q3 call gave a good indication of what the reality was, and its still not clear if customers will put their commitment to the foundry. But INTC sounds optimistic about the opportunities in front of them. Stock is up strongly after hours, and should be up about 70-75% since early September.