Intel will be 2 process nodes and 4 years ahead by the end of this year. Thats where all the CapEx is going.
And Intel's Atom chips are competitive with ARM at 32nm (thats a 4 year old technology), Imagine where Intel will be with 22nm SOC's by this year end.
Analysts hate Intel, so they'll always find something to Blitch about. Just noise IMO. Most of these Analysts don't know a computer chip from a potato chip.