That's right, because they are more interested in MBA financials magic than making something anyone wants. When you have more MBAs in leadership and things are going poorly, stop hiring the MBAs, but they are really past that. And likely will be broken up and sold for parts

“The company’s market value is around $100 billion, about half what it was just 18 months ago. Nvidia, by contrast, briefly hit a market value of $4 trillion on Wednesday”

Intel at $100 billion is below book value, meaning they could sell all its assets and make more money.

A lot of the book value is from fab equipment. It’s so specialized that I doubt they would actually get the book value for it.

That's what the market has been saying for a while: the cost of the assets were mal-invested in its current context and are not worth what the accounting says they are.

Markets obviously can be wrong, but to think that markets are so inefficient that it confuses book value with liquidation value for a company like Intel is much more wrong.

If TSMC were permitted to acquire Intel’s fab assets and liquidate them, it would probably add more than $100B in market cap for them.