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Stock is up 5% as of posting this, so I think the market already priced in something even worse potentially.
by zpeti 3y ago
Stock is up 5% as of posting this, so I think the market already priced in something even worse potentially.
- Aromasin 3y ago36% down YoY, but they beat investor Q1 consensus. Analysts predicted worse than this, so they've exceeded market expectations. Sapphire Rapids is only just starting to ramp sales, and the Emerald/Granite Rapids & Sierra Forest roadmaps are on track, which is the first time the Xeons have looked healthy in nearly 4 or 5 years. They trimmed the fat by selling off all businesses but their core ones, and are announcing IFS customers every other week. I'm not surprised investors are starting to move.