Man Intel is cooked.

From a 6900k selling for $1089 with zero competition to firing employees. Intel you done goofed

They're still reeling from the CHIPS act rug pull, they put a lot of their liquidity into spinning up their new fabs and now that Trump has put in effect frozen parts of that funding I would venture to guess they are putting a lot of their own money into the project which spooking investors

cutting R&D as a CPU vendor is like a hospital selling its MRI machines to cover payroll.