$Intel(INTC.US)Context: intel is facing downward pressure again. In the past month, the shares have dropped ~17%. All i…
$Intel(INTC.US)
Context: intel is facing downward pressure again. In the past month, the shares have dropped ~17%. All is not well with its foundry business. Rumor has it that the agreement with Tesla to build Terafab is unravelling and Tesla is considering TSMC as a partner instead. TSMC is also ready to absorb any customer from Intel if Intel can't deliver its own advanced packaging called, EMIB-T. Intel foundry is persistently making losses.
My trade: reduce Intel stock in my portfolio
Takeaway: All eyes on Oct 29th to see Q3 earnings result whether it can reverse this bearish trend. Lip Bu Tan, please buck up! $NVIDIA(NVDA.US)$Netflix(NFLX.US)
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