$Intel(INTC)$ Google and Intel are both making smart moves. It's better to build capacity before demand peaks, rather than waiting until you're already at full utilization. Once factories approach their limits, that's the signal to start constructing the next one.

Analysts aren't the ones running these companies, and they aren't ultimately responsible for success or failure. They're mostly commentators whose job depends on being seen as correct. Tan's investment in Ireland wasn't a gamble with shareholder money; it was a strategic move based on seeing client orders and planning for future demand. We might have to deal with more short-term noise from Wall Street for a bit, but the long-term planning is what matters.