Saw in the news that Intel spent $4.8 B and bought back 191 million shares last year. They also have slightly increased divs each year and now pay 4.1% which is pretty high for their sector, so what's not to like? I just increased my holdings twice in the past month and the company as far as I'm concerned delivered exactly what I expected.
Market doesn't care, we are entering into a bear market. The obviousness you see is the same thing everyone sees, therefore "priced" in. Will go lower, too many peole bought in for the great divy. Will end up not making any money on it due to the reduction in price in the short term. ten years out, sure but not now.