CNBC's "Fast Money" Intel Reports Results… And Trump Sues JPMorgan And CEO Jamie Dimon 1/22/25
Jan 22, 2026
Intel reports mixed quarterly results, with weak guidance due to supply challenges. Top analyst Gene Munster calls it a meme stock and discusses its growth prospects. Meanwhile, Donald Trump sues JPMorgan, claiming debanking motives after January 6th. The banking sector reacts to proposed credit card rate caps, with Bank of America considering new promotions. Additionally, the podcast dives into Meta's AI strategies, Alibaba's IPO plans for its AI chip arm, and even a quirky controversy over Lululemon's leggings.
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Foundry Progress Hinges On New Customers
- Intel's weak guidance stems from supply constraints and lack of new foundry customers for advanced nodes.
- The company won't raise CapEx until it secures customers, delaying meaningful foundry progress.
Consider Capital Raises After Big Rallies
- Investors with low bases should consider the company raising money via offerings to fund CapEx.
- Selling into the recent run could fund the buildout without overpaying later, per traders' debate.
Endorsements, Not Fundamentals, Drove Intel Rally
- Gene Munster calls Intel a "meme stock" boosted by big endorsements, not fundamentals.
- He says Intel is still a slow 3% growth turnaround versus peers growing much faster.