‘Insiders Only Buy for One Reason’: Intel’s CEO Just Bet $10 Million on His Company’s Stock.
It’s Now Even Cheaper to Get In
Quick Read – Intel (INTC) CEO Lip-Bu Tan bought $10 million of stock at $95, but shares now trade below his entry price. – Intel’s Q2 Data Center and AI revenue surged 59% to $6.3 billion, while Intel Foundry still posted a $2.1 billion operating loss. – Intel’s stock this morning trades at $93.05, as of 9:57 a.m. ET on August 28, 2026, below the $95.00 per share Chief Executive Lip-Bu Tan paid to buy roughly $10 million of the company’s stock earlier this month. That gap sets up a live test of one of the most quoted lines in equity investing: “Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.” The line is closely associated with Peter Lynch, the former manager of Fidelity’s Magellan Fund, and the philosophy in his book One Up on Wall Street.
Right now, Tan’s expectation has yet to be rewarded. 24/7 Wall St. covered the initial purchase in CEO Lip Bu-Tan Just Gave Intel a $10 Million Vote of Confidence on August 15. On August 11, 2026, Tan acquired 105,263 shares of Intel (NASDAQ:INTC) common stock at $95.00 per share, disclosed via SEC Form 4 filed August 13-14, 2026, Tan bought the shares. Intel announced and upsized that offering to $20 billion at $95.00 per share on August 10, 2026, to fund AI chip manufacturing expansion.