INTC just went nuts this week 🚀
Joined Musk's Terafab thing with Tesla/xAI — stock shot up like 15%, hit almost $59. Some call it hype, some call it a turnaround 🤷♂️
18A foundry finally got a real customer. Also bought back full control of Fab 34 from Apollo for $14B. Advanced packaging deals with Google/Amazon rumored.
But uh… foundry still lost $2.5B last quarter. Yields apparently only ~60% and needs 80%+ for Tesla orders. Earnings on Apr 23 expected to be negative.
Analysts can't decide: KeyBanc says $70, HSBC says Sell. Classic.
Musk narrative doing all the heavy lifting right now. Anyone actually buying this or just watching the show?🤔
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