No. of Recommendations: 1
Well that has worked out better than expected. Gone from $20 a year ago to over $80 today. In addition to the foundry business getting large, big name customers looking for an alternative to TSMC which was the primary thesis, the market for CPUs has gone ballistic. INTC beat revenue and earnings forecasts for Q1 and raised guidance. CPUs as a chokepoint for AI agents has become a thesis, spreading the semiconductor love from GPUs, to memory chips, and now also CPUs like the ones INTC makes. Not a falling knife anymore for sure, but looks like time to take some off the table. Might be getting ahead of reality.
