Intel just posted $16B revenue, up 25% YoY, and the bears are still calling it a value trap?

Been watching $INTC grind through this turnaround for a while now, ngl the Q2 numbers were better than I expected.

Revenue hit $16.13B, up 25% year over year, beat consensus by almost $2B. DCAI segment alone was $6.3B, up 59% YoY. Gross margin expanded to 40.4%. Foundry losses narrowing too, though external foundry revenue is still tiny at $293M.

The bull case is that AI infrastructure demand is finally pulling Xeon 6 hard, and the manufacturing side is slowly cleaning up. The bear case is the CapEx is insane, over $20B guided for 2026, and free cash flow is nowhere near covering that. 14A ramp is a 2028 story at best.

I pulled up the chart on moo.moo after the print and held my position, kinda still processing whether this is the real inflection or just a strong quarter before the capex wall hits.

Anyone else holding into the next few quarters, or are you fading this rally given how far the stock has to go before the foundry actually makes money?

https://preview.redd.it/tjsovgc5z5fh1.jpg?width=1600&format=pjpg&auto=webp&s=d4fd39a47c5b3be74c84a7c67df6964241904ebd