This deal to partner with Amazon Web Services on some customized chips, announced after the close, should provide Intel with the revenue, along with the govt. funding, to survive and eventually thrive.

I would prefer they dump Gelsinger but this probably keeps him in place for a while longer. The stock is likely to pop so I would not chase. If there is a gap, it should fill in due time, especially since the market as a whole is likely to decline soon. https://www.zerohedge.com/markets/intel-higher-report-35-billion-chip-deal-pentagon