Intel had to agree not to buy back stock for 5 years when they accepted this money. They went from 50 to a low of around 20 during a huge bull run in semis too so whatever they are guilty of I don’t think they can be accused of “keeping the stock price high”. I believe they have smart people doing research but extremely poor incentives and siloing so no engineers can make any headway. I don’t think Gelsinger has gone hard enough in correcting this so maybe fresh leadership would help.