what a crock of lies !
we have been hearing the headwinds excuse for over 2 years now ! the toxic cult that is intel now can’t even invent a new word , or a new excuse , see Dave the master BS-er below. Fkkkk off Intel , we are dead. I am leaving this sinking ship!
“Second-quarter results were impacted by gross margin headwinds from the accelerated ramp of our AI PC product, higher than typical charges related to non-core businesses and the impact from unused capacity. By implementing our spending reductions, we are taking proactive steps to improve our profits and strengthen our balance sheet. We expect these actions to meaningfully improve liquidity and reduce our debt balance while enabling us to make the right investments to drive long-term value for shareholders.”