Things have been improving for Intel lately, but my opinion is that nothing changed that wasn't already there. Thus, as the stock price is higher, the risk is higher too and the reward lower. It could double from here easily, but not close to a value investment anymore.

Video Update

20 November 2023 UPDATE - stock keeps going higher as the market is suddenly exuberant about it. The stock can go higher but also lower, as a value investor, I have nothing to look at if the stock isn't trading at or below book value, so wake me up again below $30. Somehow I think it might get there...