This is very much a good sign for holiday PC sales.

We strongly believe this isn't the worst it can get.

Consumer oriented chip companies are seeing more strength now. The rest of tech is still pretty weak,

This year, Intel is being affected by an ever-aggressive AMD, a roadmap that continues to have glitches and, most importantly, a slowdown in the PC food chain that has started to show signs of exhaustion after 14 months of robust growth.

I don't think this is market share (loss) but some inflection in demand for PCs. This will worry people, Intel is the canary in the coalmine, when it sees weakness it's a warning for the rest of the sector.

The most reassuring thing is they are seeing very strong demand,