Q3+Q4 will be interesting
I wonder how much of this was caused by supply-side (Intel not being able to provide a full range of chips due to 14nm capacity constraints) and how much was demand-side (IBM's decline was expected being mid-cycle for many products while Intel re-arranging their roadmap to cover missing 10nm likely left cloud providers slowing their purchasing).
And will AMD make a significant appearance in H2, particularly on the cloud side, indicating serious competition for Intel?