Intel (INTC)

Long run of underperformance. Consistently missed on objectives and timing. Recently, has piggybacked on strength in the market. Might do a 180 turn and get their mojo back, but lots of risk associated with that premise. He'd go with QCOM or AVGO.

Not relevant. INTC made a strategic decision to start making chips for other companies. Lost its cutting edge. Struggling, despite healthy dividend yield. Problem is, do you really want to use INTC as your manufacturer if you're also competing with them? That's why TSM is the go-to.

Would recommend buying around $30, but would short at $45. Likes fundamentals of business. Good value option for semi-conductor business. 

Yesterday, it reported a decent quarter, but a miserable forecast of much lower gross margins. But Intel is in a dogfight with AMD over large customers, which explains their margin forecast.

He recently got in. Buy into it in thirds. If it goes up, you own it. If it goes down, there's another 1/3 you can buy.

He expects a big refresh in PC sales which will drive INTC, but the market isn't talking enough about this. You will be fine owning this.

After underperforming for years, shares jumped 56% in the past year.

Tech stock performing well into 2024. Demand for products continues to rise. A.I. will create further demand for computer chips. "Re-shoring" will also benefit company. 

Focus on chips and CPU business. Not a great place to play A.I. Doesn't see business performing. Cheap for a reason. 

They signed a deal with Siemens to provide them chips, and they wrapped up legal issues about infringement. He's bullish chips in 2024 among lower interest rates. Intel faces more competition from Nvidia, Apple, even Microsoft and others, but there's still upside.

Almost at price target, can probably buy cheaper. Has become a favourite, mainly because CEO has finally started to deliver. Great suite of products. Cloud, data centres, AI, edge, foundry services. Likes it, but it's already moved. Beat on top and bottom, raised guidance. YOY, growth is down. Hold on, add at $42, and $40. Probably won't go under $38.

Right space, but not the right horse. Better opportunities elsewhere. NVDA is quite expensive, so look at ASML. 

Popping 10% today on a strong report and forecast. It's bottomed. They are returning to growth. Very confident in the CEO. Loves that price targets rose today.

He's avoided all chipmakers, because of the strong geopolitical tensions (US, Taiwan). Always make him nervous when a government throws subsidies into a business as Washington is; always are strings attached. Also, Apple will make its own chips. Prefers to own the chip-using companies like Apple, Microsoft, Google, and Amazon.

Was up 6% in Q3. He prefers other names like Nvidia, but this doing well, because the bar is set low and the company is not performing as badly as before. Intel is always late to major trends.