The reality of semiconductor tech is that most people are not paying enough attention to understand when a company is doing well and when it's doing poorly. AMD stock was trading in the single digits well after the company was firing on all cylinders. Intel has encountered major bumps in the road since the early days of 10nm, yet research analysts and technologists alike were praising Intel all over the place until recently.

I wouldn't call it a KO until Intel 7nm chips come out. At that time, we'll see if this is a comeback story or just another IBM.