Taking devil's advocate position here: 1) dividend was not (any longer?) rational, since they needed to reinvest in production process improvements; this is th

Taking devil's advocate position here: 1) dividend was not (any longer?) rational, since they needed to reinvest in production process improvements; this is therefore a good CEO decision, which gives confidence to stock owners that CEO can do what needs to be done 2) "five nodes in four years", i.e. acceleration to catch up in process capability, is said to be on track, which (if actually true) is good news 3) this was the "pain for future gain" part of Gelsinger's turnaround plan, so if they can actually make a profit even during this phase, that is good news Not sure if I believe any of this, but that's my take on why it might be reason to buy the stock. Not that I am, in fact, actually buying the stock.