Do you think Intel’s pullback is a real red flag, or just a normal technical pullback?

I started keeping an eye on Intel at the end of August and bought a small position to test the waters. The stock has been doing pretty well since then. I added a bit more in early October, so now Intel makes up about 30% of my portfolio though I’m wondering if that’s a bit too high.

A lot of people in the market aren’t super bullish on Intel, but it’s worth noting that the U.S. government agreed to put around $8.9 billion into the company at the end of August. If Intel executes well strategically, I think the next earnings report could be a major turning point. What do you guys think?