Intel’s stock is down despite what seems to be good news for the company. Earlier I was mad at the reduction in CHIPS Act funding the Biden Administration is giving to Intel and I’m still kinda mad… but that news wasn’t so bad in my opinion. Just the fact that Intel is getting money at all is good news right. So why didn’t the stock market care?
Well Intel’s stock has trended down thanks to a reduction in direct funding from the CHIPS Act, the DOGE threats of a CHIPS Act investigation, and Republicans lukewarm (at best) feelings towards the CHIPS Act. It’s that combination that’s keeping the stock down.
At $23.65 Intel isn’t really cheap, considering it’s losing revenue, its chips aren’t very competitive, and its high debt level. It just isn’t a great company. I’ve talked repeatedly about Intel’s poor management and its inability to pull itself together. If CHIPS Act funding wasn’t a catalyst for a bump up in the stock price I have no idea what will do the trick.
Now veering of course, it seems that the CHIPS Act is like the Affordable Care Act in that Republicans dislike it because it’s successful. They’re both benefits to American society. One improves the health and safety of the economy and one improves the health of the people.
Which is ridiculous.
It genuinely seems that Republicans will threaten anything and everything that’s beneficial just because the other guy did it first. It’s us versus them thinking and that is not an appropriate way to view the world.
But back to the stock price. It’s down and I imagine it’s staying down. There’s no real change that I can see that’s coming up that will impact the stock. I have no idea where this thing is headed really.
And I guess I have to say this, but this article does not constitute financial advice. See a financial advisor if you need assistance.