Intel's PE Is Challenging Because It's Not Really Profitable

Intel pre-announced their June quarter and the numbers were at the high end of a range. They have exciting products coming up there. The R chip in 24 is real. There's real excitement around it. And I just think you get to a place here where the worst in Intel is over. That's often the time to buy a stock. It's hardly a front-runner in the AI race here. But if you look at how under owned it is institutionally, that's part of this call. Right now the PE is challenging because it hasn't really been profitable. If you look at a chart 40 is where it should go,. valuation is not ridiculous compared to what we've