> For example everyone agrees that Intel is a failed company, but if you actually look at them they still have majority marketshare of x86 CPUs in both client and server. So would you say that they successfully defended their traditional business or would you call them a failure?
I do not think we live in the same world. As one data point, the majority of analysts still list Intel as a buy or a hold.[0] In the very same industry, AMD showed us that it can take more than a decade to turn around a poor architectural turn in semiconductor manufacturing. Their stock price peaked at the beginning of 2006 and then were in the doldrums until 2017-2018 (depending when you want to count their return). It may well turn out that we are witnessing Intel's death spiral, but to claim that with certainty, and further to ascribe that belief to "everyone" tells me that we see the world incredibly differently.
What does analyst have to do with anything? Intel can still be a buy even if it's failed because it's either very cheap or there's the possibility of geopolitics or acquisitions. In fact being failed sometimes makes it even easier to buy.
It's obviously failed even beyond the massive share loss in the semi industry. It's stock price is down 60% since 2018 (not even a particularly interesting year), and its value is now literally lower than its book price. That's when you know everyone agrees it's a piece of junk.
I do not think we live in the same world. As one data point, the majority of analysts still list Intel as a buy or a hold.[0] In the very same industry, AMD showed us that it can take more than a decade to turn around a poor architectural turn in semiconductor manufacturing. Their stock price peaked at the beginning of 2006 and then were in the doldrums until 2017-2018 (depending when you want to count their return). It may well turn out that we are witnessing Intel's death spiral, but to claim that with certainty, and further to ascribe that belief to "everyone" tells me that we see the world incredibly differently.
[0] https://finance.yahoo.com/quote/INTC/analysis/