36% down YoY, but they beat investor Q1 consensus. Analysts predicted worse than this, so they've exceeded market expectations. Sapphire Rapids is only just sta

36% 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.