Intel CEO Buys Another $10 Million in $INTC Shares at $65

Intel CEO Lip-Bu Tan purchased another $10 million worth of $INTC shares at $65, just days after the stock suffered its worst trading day since 1974.
The latest purchase adds to the $10 million in Intel shares he bought at $95 in August, bringing his total purchases to $20 million. Tan is averaging down as the stock continues to sell off.
Meanwhile, Intel's data center and foundry businesses are growing 78% and 58%, respectively, even as rising memory costs weigh on PC demand.