Maybe not a falling knife anymore, unless viewed in slow motion over a long period of time. But INTC is down to half its peak, and has been a slow moving disaster now for the past few years. Decreasing revenue, decreasing EPS, product delays, and poor operational execution.

Today, it is making a real attempt to get a foundry business going, potentially coming out of the worst of its execution situation, and should benefit from the AI demand the chip sector is experiencing. Plus in the long term, there is an attractiveness to having a credible alternative to TMSC based in the US.

I really want to buy more, but have a hard time getting conviction on its business prospects. At a stock price of $34 though, is there enough risk mitigation to make investing even with a very uncertain future make sense? Thoughts?

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