Why Intel, Airbnb, Joby Aviation Are Among JPMorgan's Short Ideas

When big names like Intel Corp INTC, Airbnb Inc ABNB, and Joby Aviation Inc JOBY land on JPMorgan's short ideas radar, it's worth a closer look.

Analysts are flagging unique headwinds for each company—and they're not mincing words about the downside risks.

Intel: A Tech Giant In Transition

JPMorgan analyst Harlan Sur holds an Underweight rating on Intel. He cautions that the chipmaker’s efforts to right-size operations and advance its product roadmap may not deliver quick wins. Amid tighter semiconductor capital spending and ongoing manufacturing challenges, Intel appears stuck between a rock and a hard pivot.

Sur's outlook suggests the company may face more hurdles before it reclaims its industry dominance.

Read Also: Intel Stock Has Fallen Over 58% In 1 Year, But Citi Maintains ‘Neutral’ Rating On Expected Replacement Of Pat Gelsinger In A ‘Couple Of Months’

Airbnb: Heavy Luggage To Carry

JPMorgan analyst Doug Anmuth remains neutral on Airbnb, though his assessment leans toward stormy skies rather than sunny getaways. Major concerns that Anmuth sees with the investment case for Airbnb are:

1. squeezed margins from new initiatives
2. increased marketing expenses
3. slow core growth

Add a lofty valuation to the mix, and Airbnb is carrying more baggage than a fully booked red-eye flight.

The stock's heavy short interest only fuels the mixed sentiment swirling around the vacation rental giant.

Joby Aviation: Sky-High Expectations, Grounded Concerns

Flying taxis might sound futuristic, but JPMorgan analyst Bill Peterson isn't buying into the hype—yet. Despite potential catalysts like certification progress in 2025, Peterson keeps Joby at Underweight. He warns that speculative tech enthusiasm has already pushed the stock beyond its fundamentals.

Investors may want to buckle up for turbulence as regulatory and market realities set in.

Investor Takeaway

From chips to rentals to flying cars, JPMorgan analysts suggest a cautious approach to these short ideas. Execution risks are high, and excitement may not be enough to keep these stocks in the air.

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