The market has lost its mind on sector valuations. [Intel's soaring](https://www.cnbc.com/2026/04/24/stocks-making-the-biggest-moves-midday-chtr-hims-intc-amd-lly.html) on chip fairy tales while $XOM trades like roadkill despite printing in actual free cash flow at net margin. Meanwhile $AAPL gets worshipped with premium multiples for its net margin even as iPhone cycles sputter. This quality-valuation disconnect is

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