Stock price when the opinion was issued
It might have been the biggest winner of the last president's chips act to stimulate U.S. semi manufacturing by getting part of a $7.86 billion grant. Will Intel get more money from Washington? Intel carries $46 billion in long-term loans, so Intel needs the money badly. It's shocking that Intel shares aren't even lower.
Lots of help from subsidies, media attention, and so on, but mis-executed on a number of things 5-10 years ago. Now playing catchup. Putting in lots of capex, but no clear direction on the outcome. Risk of value trap; down 54%, but could easily drop another 50%.