That was really stupid. Look where INTC is and then ARMH! ARMH dropping slightly never helped INTC. Where was INTC when ARMH was climbing? INTC was going down and still hugs the flatline on a good day. You need your brain cleansed of the nonsense that resides there. INTC is trading like a crippled pig. I am long INTC but your comparisons are ignorant offerings.
I wouldn't make too much of a single day's trading. You are right to focus on longer term influences that fundamentally change the industry. Fortunately there are plenty of those, many which we'll likely see unfold beginning the second half of this year and beyond.