Insiders Are Buying Intel (INTC) and Opendoor (OPEN)

Fahad Saleem

Wed, August 19, 2026 at 6:31 PM GMT+3 3 min read

Intel

Intel (NASDAQ:INTC) CEO Lip-Bu Tan bought about $10 million worth of INTC shares earlier this month at $95 a share, the same price at which Intel had just priced a $20 billion secondary offering days earlier.

Intel's Q2 revenue rose 25% year over year, a massive acceleration from Q1's 7% growth. Margins jumped to about 42% and AI segment grew 59%, while foundry revenue rose 31%.

Bulls are highlighting a new catalyst. Wedbush analyst Matt Bryson said Intel's advanced packaging technology, EMIB, could put the company in a position to win TPU orders from Google. If proven true, it would be the first real signal that an outside chip designer trusts Intel's manufacturing enough to bet its own products on it.

The Bear Case

The bear case is getting stronger. Bears point out that server revenue growth is related to price, not volumes. Average selling prices rose 48% while unit volumes grew only about 9%. Client computing segment prices were up 27% and volumes were down 8%.

A major chunk of Foundry revenue in the most recent quarter was due to Intel manufacturing chips for itself. External customer revenue came in at only about $293 million. The segment lost approximately $2.1 billion in operating income for the quarter.

Valuation

Intel has a non-GAAP trailing P/E of 88.70 against a sector median of 25.65, a 246% premium. Forward P/E is 63.91 versus 23.77, a 169% premium. EV/Sales runs 8.64 forward against 3.64 for the sector, a 138% premium. However, forward non-GAAP P/E of 63.91 sits only about 6% above Intel's own five-year average of 60.13.

Image by MayoFi from Pixabay

Opendoor

Opendoor Technologies (NASDAQ:OPEN) buys homes directly from sellers, renovates them, and resells them. The stock is down 42% so far this year amid a slowdown in the housing market.

CEO Kaz Nejatian recently bought 27,625 shares of the company. The move came after Opendoor's Q2 report missed on both revenue and earnings.

Opendoor's Q2 results were disappointing. The GAAP loss per share came in wider than expected, and adjusted EBITDA flipped negative. The company sold 2,339 homes during the quarter, short of consensus and sharply lower than the 4,299 homes sold in the same period last year. Management gave upbeat forward guidance, pointing to plans to gain licenses in more states.

Bulls argue the stock could rebound on reduced competition, since Zillow exited the iBuying business — the model where a company makes a fast cash offer on a home, renovates it, and resells it — back in 2021, leaving Opendoor as one of the few major players still standing in the space. Bulls also point to housing market conditions eventually turning, which would help transaction volume broadly.

On the numbers, bulls highlight that management expects adjusted net income to turn positive by the end of this year, and has guided for Q3 revenue growth of at least 20% year over year.

Valuation

On a price-to-sales basis, the stock looks cheap: 0.91 versus a sector median of 4.91, an 81% discount. Net long debt to assets is just 5.91% against a 39.94% sector median. Price-to-book paints the most cautionary picture. Opendoor trades at 3.56 times book value versus a sector median of 1.67, a 114% premium.

While we acknowledge the risk and potential of OPEN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than OPEN and that has 10,000% upside potential, check out our report about the cheapest AI stock.

Disclosure: None. Follow Insider Monkey on Google News.

Insiders Are Buying Intel (INTC) and Opendoor (OPEN)

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