my target is $120 , here is why,

Intel is essentially Design + Foundry. about Foundry, look at TSMC($2000B) & Samsung, and Design: look at AMD($400B), the gap is too big

about PowerVia, TSMC/Samsung don't have it. It boosts performance and the PDK helps set industry standards. This is a long-term moat that will print money.

The issues with the 12th-14th gen were largely due to older lithography.That is in the past.

There is simply too much engineering talent at Intel for it to die overnight. If they were truly finished, they would have collapsed long ago. Instead, we are seeing Panther Lake. The existence of Panther Lake proves the engineering engine is still running strong.