It actually has, but this is more public while their long term forecast is really dark.

If they cut costs more they should be fine, they’re basically in a similar place as amd but with no consoles but more defense and government contracts. Also they lost this round of hyperscalers which might be one of the last.

Amd is better off because they started in a bad place (piledriver) and have done an incredible job fighting their way back to the top, so their overheads are lower.