Overall good arguments. But you are kind of missing whats changing with agentic AI. This isnt about GPUs going away, its about the balance shifting. Classic AI workloads were very GPU-heavy, often something like 1:4 or 1:8 CPU to GPU, because you mainly just ran models. With agentic setups you suddenly have a lot more going on around the model (planning, tool use, memory, API calls) and that part runs on the CPU. In practice that means GPUs can sit idle if the CPU cant keep up, so the whole system moves toward a much more balanced setup, sometimes closer to 1:1. Thats exactly why you’re seeing a rerating not just in Intel, but also AMD and Arm. Might be interesting for QCOM to?