Not depressing at all, if you're been following the company. Actually, pretty inspiring, but, you definitely need the context to feel that way, because at face value, it's quite bad.
Intel's problem isn't they don't have the right products, the problem is the same one everyone else is facing, the market collapsed. And it's doubly bad, because Intel's (and AMD's) customers had enormous amounts of inventory. So, what's actually selling to end users is much greater than what Intel (and AMD) are selling, because of the inventory burn.
But, again, it's context. Intel thought they were going to do even worse. So, when you are expecting a class 5 hurricane and get a class 3, you're relieved
. You're still going to have a bad time of it, but it's still a positive.
Also, not only was revenue up from expectations, guidance was too, and they expect revenue to increase sequentially each quarter this year. That's how you make money in the market, you guess before everyone else does. I have 5K shares in Intel now, might get more if they dip below 30, but that doesn't look as likely now. How far down can they go? I mean, they had a horrific quarter, and barely lost money, while they continue to build out capacity. How high can they go? TSMC is almost 4x their market value, without nearly the TAM reach that Intel has. So, they have to execute, but lately, they have been. Their upside is so much greater than their downside, I don't understand it. But, that's how to make money in the market, see things before other people do. Time will tell if I have, but I'm super confident.