Interesting perspective, I respect Patrick:
If you follow the semiconductor market, you likely read about Intel’s Q4 earnings and Q1 guide. It wasn’t pretty, a confluence of many different things hitting at once. One thing that didn’t get talked about a lot was Intel’s long-term future. I get it- Wall Street lives off quarterly reports, and most press articles have an even shorter time horizon. And for many who don’t understand the semiconductor market, it’s hard to talk about a future with a challenging current narrative. Having been in and around semiconductors for over 30 years, I can definitively say that a real semiconductor turnaround takes 4-5 years, and I’ve never seen one happen quicker. While it’s easy to start with Intel’s quarter and guide and ignore the future, I’m going to start with a view of the future and then talk about the quarter and guide.
Let’s dive in.
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The AMD call should be very interesting. I think competition in the datacenter market is intensifying for Intel including home grown chips.
If you follow the semiconductor market, you likely read about Intel’s Q4 earnings and Q1 guide. It wasn’t pretty, a confluence of many different things hitting at once. One thing that didn’t get talked about a lot was Intel’s long-term future. I get it- Wall Street lives off quarterly reports, and most press articles have an even shorter time horizon. And for many who don’t understand the semiconductor market, it’s hard to talk about a future with a challenging current narrative. Having been in and around semiconductors for over 30 years, I can definitively say that a real semiconductor turnaround takes 4-5 years, and I’ve never seen one happen quicker. While it’s easy to start with Intel’s quarter and guide and ignore the future, I’m going to start with a view of the future and then talk about the quarter and guide.
Let’s dive in.

Intel’s Future Is Prettier Than Its Past Quarter And Guide
#1 ranked technology industry analyst Patrick Moorhead dives into Intel's Q4 earnings report and talks about the future.

The AMD call should be very interesting. I think competition in the datacenter market is intensifying for Intel including home grown chips.