Agreed. > They are currently spending large amounts of money on capital expenditures to ensure future competitiveness and that eats into profits. Which is pre

Agreed. > They are currently spending large amounts of money on capital expenditures to ensure future competitiveness and that eats into profits. Which is precisely why understanding more than just an Income Statement (i.e. Earnings) is important to understanding how much companies "make". Hilariously this article was published in Jan. Intel just (April) recorded its highest quarterly earnings ($8B). https://www.intc.com/news-events/press-releases/detail/1541/intel-reports-first-quarter-2022-financial-results https://www.intc.com/news-events/press-releases/detail/1541/... Financial media is such a trash-heap.