$Intel(INTC)$  Intel does have valid points. For example: Did TSMC bring in substantial profits during the early ramp-up phase of its nodes? Did TSMC achieve mature yield rates after just a couple of months of production for any of its processes? Regarding CPU competition, should fab-heavy Intel be more concerned first, or fabless chip players? If the MSCI index “rebalance” was the real reason, why weren't so many other chip stocks “rebalanced”?

As mentioned before, they started this narrative briefly before a holiday weekend—negative chatter on TipRanks, recycling old “news,” the Northland downgrade, inserting irrelevant hamburger, pizza, insurance, and apparel news into Intel's news feed, etc. It's the same old crowd that was talking about Intel going bankrupt when it traded below $20 last year.

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