I don't think this chain of arguments holds with Intel.

Fwiw, I bought 100 shares when they were 19€/share and sold 80 when they reached 100 this summer, so I followed it's development somewhat.

The low was itself after it's share dropped by like 25+%. That's what made me buy them - I thought "no way is the USA government going to let them go insolvent, their losses are gonna get socialized for sure". One year later Trump announced a large injection into Intel, causing the stock price to overshoot my expectation massively.

This fall is just it's share going closer to a more realistic valuation after Trump blew it up, I think it's gonna settle around 40 in a year or so