Intel: Compelling New Xeon, Dividend Reduction


  • After over two years of delays, Intel has launched its highly anticipated Sapphire Rapids Xeon, its biggest update in more than half a decade.
  • As Pat Gelsinger had promised, without delays, it would have been a leadership product, obliterating AMD’s… last-gen Epyc Milan. AMD’s recent Genoa still reigns supreme.
  • For Intel investors, this CPU is a stepping stone and proof point for what Intel could accomplish without process and design issues. Intel remains on track to the 2024-2025 turnaround.
  • Intel finally announces dividend reduction. It is one of the many actions Intel has done to respond to the near-term demand environment. The technology progress remains on track.
Entrance of The Intel Museum in Silicon Valley.

JHVEPhoto/iStock Editorial via Getty Images

Investment Thesis

The new Intel (NASDAQ:INTC) Sapphire Rapids Xeon is ultimately a tale of two stories. On one hand, it is genuinely a great product. It was meant to compete against AMD’s (AMD) Milan series, and it easily

Disclosure: I/we have a beneficial long position in the shares of INTC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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