David Lin on $INTC (Oct 31, 2026)
Intel is expected to eventually go lower over a 1–3 year horizon: AI and US-government-backing hype assumed special treatment, but the earnings report showed it is not helping. Near term, the speaker would buy a 10–20% bounce off $60 based on the charts (about one month); over 20 years, he says one could probably buy.
Jump to any passage
Intel went down 30%.
Look at Intel. Yeah, this 28.6% plunge on Friday. This is the worst single day for Intel since 1974. this is not a meme stock, okay? People are like, "Well, I've seen this before."
Yeah, you've seen this in Dogecoin. haven't seen this in the blue chip tech stock. Okay, this is not a penny stock. This is Intel talking about Google going down double digits in a single day.
It doesn't happen every every Tuesday or Friday.
Now, do I think Intel is eventually going lower? Yeah, absolutely I do. Um, I think that it got hyped up basically not only on the AI trade, but the fact that the US government was backing it, which made everyone assume it would get special treatment.
That earnings report that we saw tells us, wait a minute, they might get special treatment, but it's not helping. And therefore, we're seeing the big we saw the massive decline.
But will I be a buyer for a bounce 10 20% bounce off of the $60 level? That's what the charts are telling me to do. Absolutely. So again, short-term, this is more of an a market.
Listen, if you're a 20-year horizon, you could probably buy it as well. If you're a shorter like 1 to threeyear horizon, I think Intel will eventually go down. If you're short-term like me, like 1 month, it's getting close to great bouncable opportunities.