You're right about gamers, but other verticals are looking bad for Intel, too. The two areas you mention (data center, integrated OEM/mobile) are the two that

You're right about gamers, but other verticals are looking bad for Intel, too. The two areas you mention (data center, integrated OEM/mobile) are the two that are most supply chain and business-lead dependent. They center around reliable deliveries of capable products at scale, hardware certifications, IT department training, and organizational bureaucracy that Intel has had captured for a long time. But! Data center specifically is getting hit hard from AMD in the x86 world and ARM on the other side. AWS's move to Graviton alone represents a massive dip in Intel market share, and it's not the only game in town. Apple is continuing to succeed in the professional workspace, and AMD's share of laptop and OEM contracts just keeps going up. Once an IT department or their chosen vendor has retooled to support non-Intel, that toothpaste is not going back into the tube - not fully, at least. For both of these, AMD's improvement in reliability and delivery at scale will be bearing fruit for the next decade (at Intel's expense), and the mindshare, which gamers and tech sensationalism are indicators for, has already shifted the market away from an Intel-dominated world to a much more competitive one. Intel will have to truly compete in that market. Intel has stayed competitive in a price-to-performance sense by undermining their own bottom line, but that lever only has so far it can be pulled. So I'm not super bullish on Intel, sensationalism aside. They have a ton of momentum, but will need to make use of it ASAP, and they haven't shown an ability to do that so far.