hapabapa Investment Thesis Intel (NASDAQ:NASDAQ:INTC) delivered very disappointing 2Q FY2024 results, with nearly all financial metrics falling short of market estimates. Despite its goal of catching up with other semi players amid the current AI boom, INTC seems to be moving in the opposite direction. The company not only missed revenue and EPS consensus but also issued a weak outlook for 3Q and beyond. Additionally, the management announced a 15% reduction in workforce, cuts to infrastructure investme ...