No. of Recommendations: 2
I don't have much to say here, but they are down 60% from their 52 week high in Dec 2023.
I find it difficult to make a case for them, personally. The have been gutted like a fish in high end compute workload budgets by NVIDIA and they have gotten bad press with issues in gen 13, 14 cpus related to power levels (though they've stated a patch is expected this month)
Their foundry assets are attractive, and a geopolitical hedge against a Taiwan war.
I don't know how much is fund driven liquidation of positions because of the dividend suspension.
