Stock price when the opinion was issued
Don't ever be anchored to what you paid for a stock; otherwise, it makes you behave badly.
Dislikes it because they didn't fix their manufacturing, or outsource it, and now they're a couple of generations behind the likes of TSM. Until they change strategy they'll just keep pouring capex into manufacturing, and returns won't be good.
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.
They missed the mobile ecosystem. ARM Holdings has killed them every since. Intel is in terminal decline, no growth and will be taken out by somebody. Maybe take your losses.