What We Know Now: The Intel Ramp Has Already Begun
1.) The Intel ramp has already begun. With big-time Haswell and Bay Trail design wins and a lot of product hitting the markets in October, the ramp has already begun. It will accelerate from here on out and into 2014 as Intel returns to double-digit revenue growth.
2.) Europe is going to be a big plus. Cisco's Chambers just noted that the recovery in Europe is going to be more than people expected. News from China continues to be good as well.
3.) The Apple stock price hasn't gotten any love inspite of a really good effort with the A7. in spite of investors negative reaction to the new phone, ARM investors have looked at the same news and have gone crazy. Humpty Dumpty now has a P/E of 97 and coats himself in grease before daily going up to sit on the wall. The fall is coming, the fall is coming. Or if you are a Game of Thrones fan - winter is coming.
4.) So, no other conclusion than it's the end of days for Intel shorts. Enjoy.
[You mean in the last 3 hours, right? The only time frame you can manage. But go ahead, don't let me stop you. Freak out hour by hour and tick by tick if you want to. Intel got a 2 buck bump from IDF and now that it is giving some back, you have forgotten about the 2 bucks and are chicken little. No surprise.]