Intel (INTC)

Controversial among his research team, but he's not a fan. Eventually, it will take off. Highest-paid CEO in the semiconductor business, but the worst-performing stock. 12-month price target of $41.15. Plays directly in the sandbox of NVDA and AMD. Results missed, guided lower. Price action tells you not to own.

AMD's alliance with TSM leapfrogged it ahead of INTC. Challenge upcoming with Arm technology in cell phones; lost AAPL as a customer because it wouldn't make the desired chips.

Good time to buy. More value than Nvidia. 

They've missed on timing and their objective many times. They have to earn/prove their way back. Obviously, NVDA is the leader in AI and chips. That said, the AI race is far from over. 

He doesn't know the full fundamental story on this. Recent decline seems in part to do with butting heads with China. Technically, pretty strong support around $25. Could get down there again, bounce, possibly break out. In nowhere land right now. He'd avoid it here. Wait and see.

Semi-conductor business strong. Company has had a hard time executing. Would not be buying shares at this time. Momentum not in this company's favor. Very hard to make money on struggling business. 

Does not like company. Would avoid. 

Theoretically should be a good name. Goes up, then comes back down. Perpetually stuck in a quagmire of mediocrity.

Will Intel turn a corner? Shares have fallen along with the sales of mobile computers. They're trying to become a foundry, but it hasn't offset losses in CPUs. Healthy balance sheet, yes, but the question he always asks is, What's next for them? He doesn't see a catalyst. 

Beneficiary of US government supporting chip business. Company has been a disappointment at every level. Multi-year losing streak. No reason to invest until they turn things around. 

Their foundry reported a $7 billion loss. That's major, but will pick up business. That's why he bought it. 

Was upgraded today. Earnings are expected to grow 28% in 2024, 67% in 2025, and 20% in 2026. People freaked out when their foundry business was losing money, but bookings of the foundry are up from $10 billion to $15 billion. You need to be long term this.

It's tough to watch their decline. They used to make the top chips. The old Intel had a secret weapon in CEO Parker who built semi foundries at good prices and high yields on time and on budget. After that came the decline. They just reported $7 billion in operating losses. But Nvidia or AMD instead.

It's holding up reasonably well (shares are down 7.5% today) given this level of loss. But by Q4 the foundry will do a lot better as it makes more chips to compete with Nvidia. It's a painful day.