As I write this Intel stock is around $44, up from $41 last October, and that $41 is at an almost 18-year high, it hasn't been this high since the Dot-com bubble. Look at the longer term graph[1]. Similar story for AMD[2] except it's at an all time high since 2007-ish.
The reason people are saying Intel stock isn't down is because of that, when what HN considers the worst thing ever is indistinguishable from fluctuations for the last 3 months the market doesn't think it's a big deal.