Joanne Feeney

And they'll do that in AI applications.

They're going to do that in military applications, whether or not they can use those NVIDIA chips there.

So I think that the opportunity for us to have more sort of input and potential control over the future of this AI technology is really a worthwhile goal.

Yeah, I mean, Intel Carolina certainly had its problems.

I mean, they went down, in retrospect, the wrong path in terms of the process technology.

And now they've been trying to fix that since Pat Gelsinger was put in charge and now with Lipton.

And clearly we're seeing that it's more challenging than perhaps investors recognize.

Investors really got ahead of the story.

They saw the U.S.

government come in and take a stake, and they felt like that put a floor on the stock price to some degree.

But Intel is in a situation with two things coming out on that report.

One, their gross margins.

They beat a little bit, but they beat it 37.9%.

I mean, Intel should have gross margins above 60%.

Given that they're one of two suppliers in the PC business.

That's a very good clarification, Ed.

Very good point.

Should in terms of market structure.

But now, you know, they're trying to play in the AI markets and they're well behind and now NVIDIA is the leader.

So, you know, look at NVIDIA's margins.