Behind the Markets Podcast · Friday, October 30, 2026
Michael Friedman and Sam Rines evaluated Intel's latest earnings, noting that the stock dropped heavily due to weak guidance. Rines pointed out that government investments did not magically fix the business fundamentals, and expectations had gotten too far ahead of reality.
“Intel was a I mean, honestly, it was not great at all. The stock could be easily down close to 40% today after this kind of guidance they gave.”
“It's not as though the U.S. government investing in it magically changed the fundamentals of the business in business uh it didn't and you know i think there were a number of expectations that got well ahead of where they should have been”