INTC: The Ultimate Halloween Stock

Disclosure: The author owns securities in the referenced company or companies. This is not financial advice or a recommendation, and not a substitute for due diligence. 

INTC trading up 6%? It’s the ultimate Halloween stock. Every earnings report is like a haunted house—terrifying & full of surprises.

This quarter? The only reason the stock is up is some brave souls believe the three-year horror show might finally be coming to an end. 

Here’s the gory detail:

Rev -6.2%, adj op income -10%, and net income? Let’s just say it was a blood-curdling loss.

Let's define blood-curdling:  $5.6B in restructuring charges $7.9B in “other taxes.” That’s $13.5B! I mean, I didn't realize it was a competition but somehow INTC beat BA for worst charges on the quarter!

If you want the full read-through on the charges, and new people will need it to feel comfortable following the other brave souls into the haunted house that is INTC, here it is:

Even worse, while they were restructuring, it was an absolute blood bath across most of their biz with only Data Center (+9%) & Network Edge (+4%) surviving the onslaught.

But as we move into All Saint's Day, hope is on the horizon. The CPUs are expected to play a bigger role in Data Centers, and INTC’s Gaudi 3? Word on the street is it’s legit! Some semi nerds are daring to call the bottom here.

I’m still holding onto this pig as part of my bet on Biden’s 2021 onshoring the semiconductor industry. I’ll ride this rollercoaster to the bitter end. 

Others might have better insights, but if you have long term INTC PTSD like I do & want a partner to heckle this company through its turnaround, hit that follow!

Original tweet: https://x.com/marketswithmay/status/1852346351797027184