INTC - Overvalued company posed for a steady decline?

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So looks like AMD took marketshare away from INTC in server and desktop while gave up a bit of ground in mobile.

Next report from Mercury Research about the GPU split should be coming out at the end of the month before Computex (June 4-7) where alot of the big shots from INTC, AMD, NVDA, QCOM, etc… will be speaking.