"More valuable than" is exactly the mindset that likely has ruined Intel. "Stock must go up" is often a great example of Goodhart's Law in action. Markets, espe

"More valuable than" is exactly the mindset that likely has ruined Intel. "Stock must go up" is often a great example of Goodhart's Law in action. Markets, especially speculative markets like the stock market, are known to behave irrationally time and again. Also, it's rational to buy a growing stock, so the stock market actively punishes activities like internal restructuring, which an ailing company that Intel is has been needing for years, and was / is undergoing now. NVidia's P/E is currently about 120, that is, the market values NVDA as 120 years of its current earnings. I'm not even certain that NVidia will last as long, or will be in an equally good shape. E.g. IBM has lasted 120 years, and it had wild fluctuations of its market position in these years; toda it's hardly comparable to what it was a century ago. I would say that Intel is now easier to buy in a large acquisition, without using words like "valuable".