INTC has a ton of work to do.  It will lose market share in the lucrative Cloud and PC/Laptop segments, and it has the painful task to go into more commodity markets, where the margins are nothing close to what it has been acustomed to.

It is now an old stodgy giant that produces tons of cash flow. I like INTC because of its dividend, but not in the 30s. I think that if NVDA and AMD begin to steal market share, the stock could see the $23 to $26 area.