Core Insights - The stock market experienced a sell-off in November after five months of gains, attributed to profit-taking and sentiment rather than poor corporate earnings [1][2] - This pullback has created investment opportunities in both technology and non-tech sectors, particularly for value investors [2] Company Summaries Intel (INTC) - Intel's stock has increased approximately 90% this year, yet it trades below book value and its all-time highs [3][4] - The company has faced challenges, including falling behind in process technology and missing the AI boom [4] - New CEO Lip-Bu Tan has a successful track record and strong knowledge of the AI ecosystem, which could benefit Intel [5] - Intel is ramping up its 18A node, which could lead to significant upside if successful [7] - Despite current losses in its foundry business, management expects it to break even by the end of 2027 [8] - The stock is trading at around 18 times its projected 2027 operating earnings, with potential for growth as its 18A chips become competitive [9] SharkNinja (SN) - SharkNinja's shares have recently sold off, but the company has managed to grow gross margins through price increases and cost efficiencies [10][11] - Revenue grew by 14.3% last quarter, with all major product categories showing growth [12][13] - The company has increased its guidance for revenue and adjusted earnings per share, with analysts predicting 15.5% earnings growth in 2026 [14] - Despite upcoming tariff impacts, SharkNinja appears undervalued at 23 times trailing earnings [15] Hudson Technologies (HDSN) - Hudson Technologies is trading at around 13 times earnings and has nearly $90 million in cash, representing about 30% of its market cap [16][17] - The stock sold off after the announcement of CEO Brian Coleman's departure, despite beating earnings expectations [17] - The company is exploring expansion into complementary business lines, which may involve using cash for acquisitions [19] - New CEO Kenneth Gaglione has relevant experience that could lead to success for the company [20][21]

Core Viewpoint - Intel is experiencing a significant shift in its foundry business strategy, leading to investor concerns and a decline in stock value [1][4]. Group 1: Business Strategy Changes - Intel may cease marketing its "18A" chipmaking process (1.8-nanometer) to external customers and write off its investment in this process [1][2]. - The company plans to focus on the more advanced "14A" process (1.4-nanometer) for foundry customers while continuing in-house development of 1.8-nm chips [2][4]. Group 2: Financial Implications - New CEO Lip-Bu Tan noted that customer interest in the 18A chips is low, which is disappointing given the "billions of dollars" invested in this technology [4]. - Industry experts predict that the strategic shift could result in write-offs amounting to "hundreds of millions, if not billions, of dollars" [4]. - Intel reported its first GAAP net loss in nearly 40 years last year, with forecasts indicating continued losses this year and next before a potential return to profitability [5]. Group 3: Company Valuation and Outlook - Intel is valued at over $100 billion, with more than $50 billion in debt and $21 billion in cash, indicating it remains a significant player in the industry [6]. - Until Intel demonstrates its ability to regain profitability, recommendations to buy the stock are cautious [6].