After studying this episode of No Priors with Chen Liwu, I think $INTC and $GLW might really be underestimated.

The point I care about is not whether AI will continue to lack GPUs; that has already been beaten to death by the market.
What’s truly interesting is where the capital will go next to find new stories after GPUs.
Chen Liwu clearly outlined several directions in this episode:
CPU, advanced packaging, glass substrates, new materials, domestic manufacturing in the U.S.
These things weren’t previously the market’s favorite AI narratives, but the more you look, the more they seem unavoidable.
In the past two years, the smoothest path for AI trading has been GPU, HBM, CoWoS. Whoever hits bottlenecks, whoever gains.
But once these directions have been repeatedly priced in, capital will definitely keep looking outward.
At this point, $INTC and $GLW become interesting.
1⃣ First, $INTC
has traditionally been viewed by the market as an old problem for Intel: process technology lagging, PC cycle, margin pressure, server market share being taken.
But what Chen Liwu wants to talk about this time is clearly not the old Intel story.
He’s discussing CPUs returning to AI data centers, advanced packaging, foundry, custom chips, and how Intel can re-establish itself as a system-level player in AI infrastructure.
Especially in the CPU segment, I think the market might be undervaluing this.
He mentioned that the CPU-to-GPU ratio in data centers might shift from the past 1:8 to 1:4, or even lower.
This detail is very important.
During training, everyone focused only on GPUs. But in inference, agents, multi-task scheduling, enterprise deployment scenarios, CPUs will regain prominence.
If this trend proves true, $INTC could at least have a chance to be re-discussed by the market.
2⃣ Second, regarding the glass substrates and new materials mentioned in this episode, I think that’s another point worth exploring.
This direction isn’t as sexy as GPUs, but it could easily become the next phase’s market expectation.
As AI chips grow larger, consume more power, and interconnects become more complex, the industry will be forced to address packaging and material issues.
If glass substrates start gaining capital attention, $GLW
is likely one of the most direct reflections in the U.S. stock market.
Corning doesn’t need to become a high-growth AI stock immediately. Thematic trading often looks at who most resembles this trend and who is easiest for capital to use to express this expectation.
So, I’m currently watching these two stocks with a simple logic:
$GLW benefits from the expectations of CPU return, advanced packaging, foundry, and custom chips.
$INTC benefits from the expectations of glass substrates and advanced materials.
Neither is perfect, and neither is the most obviously sexy AI target at first glance.
But because market attention isn’t that high, there’s room for expectation gaps.
In the last AI cycle, capital bought into GPUs and HBM.
If the next cycle continues to expand, I believe CPU, packaging, materials, and manufacturing directions will be revisited.
$GLW and $GLW, I will add them to my key watchlist.
All above are not investment advice; DYOR.