https://www.marketwatch.com/story/intels-absurdly-bullish-long-term-forecast-sends-stock-to-lowest-point-since-2020-11645219810
"Intel Corp. disappointed analysts with its short- and medium-term goals in an investor day Thursday, and analysts collectively shook their head at an “absurdly bullish” long-term forecast for which “shares are pricing in little to no chance of success.”
Intel INTC, -5.32% shares fell 5.3% Friday to close at $45.04, their lowest price since November of 2020 after Intel provided a range of forecasts for its planned recovery under Chief Executive Pat Gelsinger on Thursday afternoon. Intel ended the day with a market capitalization of less than $184 billion, less than rival Advanced Micro Devices Inc. AMD, +1.30% ($185.24 billion), which overtook its larger rival in market cap for the first time in history this week."