The market is just plain cruel to Intel, and has been for years. It's essentially saying "There's no room for more than one company". Until this sudden increase

The market is just plain cruel to Intel, and has been for years. It's essentially saying "There's no room for more than one company". Until this sudden increase in Intel's share price, Intel was valued at less than the value of the equipment alone (forget the value of the IP). All this while Intel is still profitable, and although their margins suck compared to some other semiconductor companies, Intel's margin is way better than most traditional companies. Compare AMD's market cap with Intel's. And then compare the actual revenues. Stark contrast.