Bingo. It shows no faith in markets. Intel was sinking on its own choices while NVIDIA went bonkers. Which is the future? That's the real question.
Computers are about to change radically after 40 years' work developing AI. The real challenge here is whether we can tolerate the error rate seemingly inherent to large language models in a tool from which we expect absolute reliability. It really is a question of what a computer is to us.
The question is whether we can save our Country by thinking outside the box or whether we fly into a panic instead of thinking. This has nothing to do with faith in the market place. It has to do with pragmatism. The money was already spent by Biden’s CHIPS act. These are nonvoting shares. This is not picking winners or losers since other companies are free to make offers similaar to Intels offer.