We're watching shares of Intel. They are now on pace for their worst day in 50 years,

plunging more than 25 percent after laying out a $10 billion cost cutting program that will

include thousands of layoffs and a halt on on dividend payments in today's tech check

segment are John Ford on what he's hearing after speaking with Intel CEO

Pat Gelsinger just one disappointment after another and this one feels like a big

oh it's a big one Sarah yeah let's talk about it I did speak with Intel CEO Pat

Gelsinger last night moments after he got off the analyst call

cn't be see nbiches the only broadcast network he's spoken with. I asked him how it's possible that

with all of the data center spending all the cappex commitment from major cloud

providers so little of it could be flowing through to Intel and he said that spending is far more

heavily weighted toward AI even than he expected.

Overall John the story is the AI build-out so I'll say everybody is still pretty focused on their AI and

accelerator investments and the CPU portion is more modest. We do see some

early breadcrumbs of enterprise cycles. We do expect some early breadcrumbs of enterprise cycles.

We do expect some growth there.

Our products are getting stronger,

but the story is still one where the data center in the cloud

is driven by the AI investments as the primary ones.

Obviously for us we need to get our AI accelerators, our Gauti3.

It'll launch this coming this quarter we believe allows us to start participating more effectively in that area and we're seeing

some good early signs of customers there. So we do see some of those benefits but fundamentally

we're not yet getting the full benefits of that in our

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