Intel’s stock dropped around 30% overnight, shaving some $39 billion from the company’s market capitalization since rumors of a pending layoff first emerged. The devastating results come after the chip giant reported a loss for the second quarter, complained about yield issues with the Meteor Lake CPU, provided a modest business outlook for the next few quarters, and announced plans to lay off 15,000 people worldwide.
When the NYSE closed on July 31, Intel’s market capitalization was $130.86 billion. Then, a report about Intel’s massive layoffs was published, and the company’s market capitalization dropped sharply to $123.96 billion on August 1. Following Intel’s financial report yesterday, the company’s capitalization dropped to $91.86 billion. Essentially, Intel has lost half of its capitalization since January. As of now, Intel’s market value is a fraction of Nvidia’s worth and less than half of AMD’s.
As Intel’s actions look rather desperate, analysts believe that Intel’s challenges are existential. “Intel’s issues are now approaching the existential,” Stacy Rasgon, an analyst with Bernstein, told Reuters.
More than that, for years their CPUs have been eating more and more watts and the electricity prices went up… Just keep them on par with AMD CPUs… But still , most default to Intel…
Ugh, I got a fair return from buying to AMD right before Ryzen came out. I sold some of it and bought multiple different chip companies so now I have some AMD, some Intel, some NVDA. Oh well, it’s not a huge amount but still sucks. I hope they can come back if only because AMD needs competition to keep them from becoming the evil that old Intel was. I was hoping Intel would also be a viable third GPU competitor, I like my Arc A770 for the price and I’m hoping they don’t kill off the GPU division.
It certainly doesn’t help Intel has been intentionally selling defective product in the 13th and 14th gen lines. People are quite reasonably going to AMD more and more.
I bought an Intel last time because I got AMD the time before that and they had issues that I can’t recall right now. Security or they had to slow it down?
Luckily, I’m still on a 11th Gen. I guess I’m going back to AMD when I decide to upgrade again.
Skylake myself, after a FX 9590 as a last ditch effort.
I’ll never get a P/E core CPU. Windows 11 fucked with virtualization and now the scheduler somehow breaks VMWare, all because my Desktop CPU somehow needs to be as power efficient as a laptop CPU when idle cores already hardly consume power. And spoiler: Otherwise I want to use the power I bought.
New build will be AMD, and only when the old one starts breaking. Now that I think about it, I should research if I can move BitLocker drives to a new system.
Depends of how you look at it, it might be even worse.
At least with casinos you know that mathematically, the more you play the more you lose. With stocks though, you have the hope that you can win it back.
When you ain’t got nothing, you got nothing to lose bud. That’s where I’m at in this moment. If I lose every penny I have I’m still poor. If I don’t, maybe I can get a start on a damn house or something.
These fucking idiots. All they had to do was pretend they gave a fuck about the chip debacle and play everything slowly. They couldn’t even do that. They couldn’t even pretend to give a fuck about anyone. Neither their customers nor their employees.
If they replaced the C-suite with the custodial staff, they would be in a significantly better position than they are now. Executives are always dumb as fuck, with very few exceptions. Pre-requisites for the job: narcisism, sociopathy and idiocy.
If they replaced the C-suite with the custodial staff, they would be in a significantly better position than they are now. Executives are always dumb as fuck, with very few exceptions. Pre-requisites for the job: narcisism, sociopathy and idiocy.
Hard disagree. Common mistakes ruin grammar because other people will adopt these. And when written language becomes ambiguous due to people not using proper grammar, that’s a very important foundation of “words have no meaning” fuzziness employed by populists, and in effect dumbs down people.
The mistake is public. This is where people see it and should also see the correction. The fact that you get your knickers in a twist over a simple word correction, is worrysome.
It’s not like I said “lol u so dumb OP”.
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wow
I got an AMD 386sx33, dx4-100, Duron 1000, Athlon xp2200, (some Intel here, P4, Atom), then a 5600H now in a mini PC.
And to think I grew up at a time when Intel reigned supreme. My my.
Oh how the mighty have fallen
I can still recall my first PC, I used to love smashing the turbo button. No fucking clue what it did, but it sure was fun to press!
Time to buy?
I’m pretty sure the US gov views them as too big to fail. Surely they can’t mess up Xe, Falcon Shores, and the foundry business, right?
RIGHT!?
I bought AMD at $8 a share (and still hold it, and Xilinx that got folded into it), and I am buying some Intel soon.
The price is right.
I may be an idiot, but I was right once.
More than that, for years their CPUs have been eating more and more watts and the electricity prices went up… Just keep them on par with AMD CPUs… But still , most default to Intel…
Ugh, I got a fair return from buying to AMD right before Ryzen came out. I sold some of it and bought multiple different chip companies so now I have some AMD, some Intel, some NVDA. Oh well, it’s not a huge amount but still sucks. I hope they can come back if only because AMD needs competition to keep them from becoming the evil that old Intel was. I was hoping Intel would also be a viable third GPU competitor, I like my Arc A770 for the price and I’m hoping they don’t kill off the GPU division.
I wonder if that guy who bet his inheritance from WallStreetBets is ok…
When I had to flash my BIOS and pray that it didn’t brick my PC I cursed them, saying “Fuck Intel, I hope their stock plummets!”
You’re welcome everyone.
Can you tell a guy first, I could have shorted
At least you didn’t invest all of grandma’s inheritance in Intel, just before it dropped.
can you do reddit next please
Tiktok afterwards please.
Everyone’s acting like this guy said he’s taking requests.
Well we’re not all fucking witches here, I’m sure he’ll do something if someone gives him their firstborn.
It certainly doesn’t help Intel has been intentionally selling defective product in the 13th and 14th gen lines. People are quite reasonably going to AMD more and more.
It’s not everyday that I’m thankful that grandma didn’t leave me $700,000 but today is one of those days
I bought an Intel last time because I got AMD the time before that and they had issues that I can’t recall right now. Security or they had to slow it down?
Luckily, I’m still on a 11th Gen. I guess I’m going back to AMD when I decide to upgrade again.
Skylake myself, after a FX 9590 as a last ditch effort.
I’ll never get a P/E core CPU. Windows 11 fucked with virtualization and now the scheduler somehow breaks VMWare, all because my Desktop CPU somehow needs to be as power efficient as a laptop CPU when idle cores already hardly consume power. And spoiler: Otherwise I want to use the power I bought.
New build will be AMD, and only when the old one starts breaking. Now that I think about it, I should research if I can move BitLocker drives to a new system.
You can move the drives. Just have your recovery key/password in hand. No problem.
deleted by creator
And some moron on Wallstreetbets just invested his $700k inheritance in shares yesterday. He’s -200k rn
The stock market is the least stupid way to be addicted to gambling but it’s still one of the dumber addictions to develop.
For real. At least the odds aren’t explicitly against you like casinos.
Depends of how you look at it, it might be even worse.
At least with casinos you know that mathematically, the more you play the more you lose. With stocks though, you have the hope that you can win it back.
When you ain’t got nothing, you got nothing to lose bud. That’s where I’m at in this moment. If I lose every penny I have I’m still poor. If I don’t, maybe I can get a start on a damn house or something.
Food stamps or Ferrari. Sounds like you already have the former
I do not. I could probably qualify though.
Unless you short. Then you can be -200k!
Oh no I don’t play games with money I don’t have. I’m ok losing what I already have though. Beats a lottery ticket.
These fucking idiots. All they had to do was pretend they gave a fuck about the chip debacle and play everything slowly. They couldn’t even do that. They couldn’t even pretend to give a fuck about anyone. Neither their customers nor their employees.
If they replaced the C-suite with the custodial staff, they would be in a significantly better position than they are now. Executives are always dumb as fuck, with very few exceptions. Pre-requisites for the job: narcisism, sociopathy and idiocy.
Are we still talking about Intel, or…?
This will happen to the whole tech industry. Once people realise that Moores law is dead. Intel is just the beginning and „A.I.“ will not safe them.
If I got a snickers every time I heard moore law is dead I’d be obese.
Any moment now, any moment.
*save
If you can tell what the person means, there’s no reason to publicly correct their spelling or grammar.
Hard disagree. Common mistakes ruin grammar because other people will adopt these. And when written language becomes ambiguous due to people not using proper grammar, that’s a very important foundation of “words have no meaning” fuzziness employed by populists, and in effect dumbs down people.
I said “publicly.” I wasn’t commenting on the fact that you corrected someone, but the fact you did so publicly.
The mistake is public. This is where people see it and should also see the correction. The fact that you get your knickers in a twist over a simple word correction, is worrysome. It’s not like I said “lol u so dumb OP”.
I’m no doctor, but you may want to check these out.