Here’s my DD:
Intel laid off a bunch of people and was losing money. 15,000 pissed off ex-employees divesting + short sellers punishing the company knock it down from $37/share to an eleven year low.
Previous management started a turnaround plan that will start to take shape but it’s too late. Out with Pat Gelsinger and in with a new CEO, Lip Bu Tan, who knows how to make money (previously with a VC firm as well as with Cadence Designs).
LBT has already started trimming the fat and I expect we see Intel over $100B market cap sooner rather than later. Current administration’s desire to bring home manufacturing can only help that case.
People say stuff like “their book value is $21.xx per share” or their current products suck, their new fabs are going to rival TSMC, among other positive or negative things.. I don’t think that matters as much as the narrative switching from negative to positive.
Positions: 400x June 18 2026 $35 calls
