I agree, this is a bit bonkers. Tells me the Street thinks the new CEO is all hot air. I will say for point #3: Intel has mystifyingly dropped the ball on GPUs

I agree, this is a bit bonkers. Tells me the Street thinks the new CEO is all hot air. I will say for point #3: Intel has mystifyingly dropped the ball on GPUs for going on a decade (and really, why not four decades given how long they've been in PCs and you needed graphics acceleration for displays). The manufacturing capacity is only as good as the current process, so this may mean the Street thinks they still are several generations behind the current process leaders. Intel's process technology would normally be what is used for mobo chipsets, not frontline CPUs. Intel's manufacturing assets are only useful if they get a modern process going. The CEO change may have come too late, if the corporation has already chased off all the talent, or all the remaining talent is old and just waiting for retirement. I distinctly get the impression the noxious management has kept anyone good from joining and staying at Intel for a while.