lt cap,

Given the 'street cred' you have with me, I take your posts as the 'sober voice of reality' when you write of INTC and its challenges. So, your positive view of the neural net chip is one cause for optimism (thanks for the link/article.) While all companies partner with others to leverage talents, I see INTC as being particularly good at that. Their announced marriages to 'wives' probably outnumbers all the Mormons in Utah. I also see such partnerships as signs of the validity of the technology INTC is bringing to the table - if it looks like the 'dog won't hunt', nobody is going to go to the alter with INTC (sorry - mixed metaphor.) And, like the partnership with Micron (or in their own sole endeavors), they're pretty good at pulling rabbits out of the hat - I think Optane memory is going to cover not all sins, but a fair hedge against some of them, as I expects revs from that to be around for a long time - we seem to be at the dawn of the next 'age' of solid state memory. But you're much more IT connected, and you'd actually know a lot more about the technical merits of that.

As to the market - days like this get nauseating for a portfolio. Everyone says the market is due for a 'pause', at the least. But today's disappointment is unfolding in the face of eanings overall being pretty positive so far. I'm hoping 'market denial' is still intact, since if earnings are upbeat in the aggregate, perhaps the market will feel reassured that these lofty valuations have some justification. (I'm not advocating that semi-delusional position, just sayin' how the market might keep the delusion intact for now.)