$Intel(INTC)$ INTC is not desperate as the press try to present it. However, Intel 3rd qtr will not be good. It will have to include the layoff charges and that is not a small amount. In addition in the 3rd QTR Intel had a bug in the chip and had to refund the buyers or provide replacement that is a charge as well. So with the impact on the revenue from the bug on the revenue side and the charges for restructuring on the expanse side the earning will be poor. So that makes why INTC may be worried since Wall Street is filled with the adversary propaganda ready to exploit all that to push the stock down so companies like QCOM or other adversary fronting companies or financial institutions jump on it. But obtaining a 3 bil fund from USA DOD and announcing a deal with AMZN and Arros Lake CHIP release are strong indicators they are on the right road. The turn results will start to show in 2025 and not to expect great earning figures in 2024.
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