Intel posted its fastest revenue growth in roughly 15 years on Thursday evening, July 23, doubled the earnings estimate CNBC cited, guided above expectations for Q3, and still lost 7.89% in Friday’s session. Intel is a semiconductor company that designs and manufactures its own chips, and its foundry arm, the business that builds chips for outside customers, is the part of the story the market refused to pay for. The reaction was not a slow fade either. It was a full round trip from after-hours euphoria to a close below the pre-earnings price.

INTC snapshot (Friday, July 24 close):

– Close: $92.32, down 7.89% on the session

– Q2 revenue: $16.128 billion, up 25% year over year, the fastest growth in about 15 years per CNBC

– Adjusted…