Thanks for the link. Intel’s statement says that the media reports are inaccurate.
The demonstrated exploit could only extract a few bytes, and based on the twitter comments it looks probabilistic and timing sensitive based the behavior of the CPU cache loader. It is plausible that this creates a potential side channel for information leakage, and the fact that the PCID hardware feature (which tags cache lines with a context ID) can allegedly mitigate the problem seems to confirm it that the cache is the source of the information side channel.