Intel heads for worst day on Wall Street in 50 years

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  • Опубликовано: 8 сен 2024
  • Stacy Rasgon, Bernstein managing director and senior analyst, joins 'Closing Bell' to discuss Intel Intel as the company is headed for worst day on Wall Street in 50 years

Комментарии • 138

  • @angeladeem2988
    @angeladeem2988 Месяц назад +333

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      @ThomasLiam-e4b Месяц назад

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    @BillAdamson-bp9ff Месяц назад +309

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    • @RickMckee-nq4ni
      @RickMckee-nq4ni Месяц назад +7

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      @Erinmills98 Месяц назад +5

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    • @aigajenkinson2495
      @aigajenkinson2495 Месяц назад +3

      How do I reach out to a financial advisor, my portfolio has been struggling since 2022 and I’ve been holding on by the skin of my teeth.

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      @Erinmills98 Месяц назад +6

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      @aigajenkinson2495 Месяц назад +1

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  • @sbkpilot1
    @sbkpilot1 Месяц назад +30

    15% of their workforce is almost 20,000 people, yikes

    • @Zagirus
      @Zagirus Месяц назад +10

      Good. Most of them are DEI hires.

    • @blipblop92
      @blipblop92 Месяц назад

      Why do they even have so many employees for a chip designer.

    • @Zagirus
      @Zagirus Месяц назад +2

      @@blipblop92
      My previous comment answers your question.

    • @caesarsalad1170
      @caesarsalad1170 Месяц назад +1

      @@Zagirus Hey man they were all very important engineers and researchers!
      😹😹😹😹😹😹😹😹

  • @Sleepy4life
    @Sleepy4life Месяц назад +7

    Delay is the deadliest form of denial.

  • @TrevorOuellette
    @TrevorOuellette Месяц назад +37

    Today was 10-years coming… Intel has been asleep at the wheel for well over a decade.

    • @vlhc4642
      @vlhc4642 Месяц назад

      10 years ago the US government implemented their first chip sanction against China by banning Intel from selling top of the line Xeon to China for supercomputers, it killed Intel's biggest source of R&D funding, the rest was history.

    • @Jeffcrocodile
      @Jeffcrocodile Месяц назад

      it's much worst then that actually, the asleep problem is ongoing for a long time now. Now they are just mismanaging, Selling defective products, lying

    • @teddyjackson1902
      @teddyjackson1902 Месяц назад +5

      Everything I’ve read from former employees with 10 or more years in the company in the last 24 hours echos your sentiment. Consensus was they were focused and innovative 15 years ago, ESG nonsense was adopted and took root before it was even in the public consciousness, and internally a culture of too big to fail metastasized. Intel leadership started making decisions based on politics, internal and external, instead of business. They went from innovative and competitive to a culture of hubris and defective products. Boeing of the tech sector. The competitive landscape is laying there for them to dominate and they drive off a cliff instead, even with the US government throwing them billions in taxpayer subsidies.

    • @blipblop92
      @blipblop92 Месяц назад

      The only reason Intel won in the 2000s over AMD was because they used shady tactics and bribed pc manufacturers for exclusive deals

  • @DrHughMonguscoque
    @DrHughMonguscoque Месяц назад +26

    The chips act was actually a bailout

    • @Anthony-dj4nd
      @Anthony-dj4nd Месяц назад

      👃🎯

    • @Anthony-dj4nd
      @Anthony-dj4nd Месяц назад

      🥸🎯

    • @weho_brian
      @weho_brian Месяц назад +2

      and they raise their stock based compensation, disgusting

    • @dgaz3057
      @dgaz3057 Месяц назад +5

      No its not, its supposed to incentivized US manufacturers: IBM, Micron, TSMC Arizona plants, Samsung in Taylor Texas, and finally Intel which Sucks! but hopefully they will get their act together.

    • @chrischoir3594
      @chrischoir3594 Месяц назад

      Democrats love those

  • @gantech7788
    @gantech7788 Месяц назад +11

    Told my coworkers 3 weeks ago to sell their Intel stock due to the voltage issue. I'm looking forward to jumping back in on the cheap cheap.

    • @RotaxXS
      @RotaxXS Месяц назад +5

      Yet the issue wasn’t even mentioned by analysts. No one cares.

    • @realScottThomas
      @realScottThomas Месяц назад +1

      @@chocolateaddict1383your reading comprehension is disappointing. Sell high buy low.

    • @chocolateaddict1383
      @chocolateaddict1383 Месяц назад

      @@realScottThomas he convinced his co workers to sell 3 weeks ago, hopefully he can convince them to buy it back at this level

    • @realScottThomas
      @realScottThomas Месяц назад

      @@chocolateaddict1383 he saved his frens a lot of money.

    • @bubbasanches4591
      @bubbasanches4591 Месяц назад

      Noone cares about the voltage issue, has nothing to do with it

  • @davidlowe8597
    @davidlowe8597 Месяц назад +8

    Bring back "Last Call" it was the best news show on TV, so naturally CNBC cancelled it.

  • @dgaz3057
    @dgaz3057 Месяц назад +14

    How about taking a pay cut?

    • @Slay_Nation
      @Slay_Nation Месяц назад +1

      A shareholders pay cut

  • @Jeffcrocodile
    @Jeffcrocodile Месяц назад +2

    selling stuff to make cash doesn't make cash. They aren't making money and it will only get worst from here, there products are outdated and lived now way beyond their expiry date, having to lie and sell defective products that are so pushed beyond their limits they can't function properly. I see the cash argument, everyone needs cash, but that's not the main problem.

  • @AlexNomadHuang
    @AlexNomadHuang Месяц назад +3

    TSMC is about to do the 2nm chip Trial mass production "next week" for Apple
    And Intel is laying off employees and cutting off the spending ( i assume that includes the RD department ) ? and it gets the most subsidy from Chips Act.

  • @aacasd
    @aacasd Месяц назад +3

    This joker needs to go. Take back what was given to him.

  • @weho_brian
    @weho_brian Месяц назад +8

    and they raise their stock based compensation, disgusting waste of tax payer money

  • @peterdenham9510
    @peterdenham9510 Месяц назад +1

    Leadership has crushed shareholder value IMO

  • @mellarx1277
    @mellarx1277 Месяц назад +3

    INTC: $23 in 1997. 27 years later it is $21. Moore's Law just could not double INTC every 2 years.

    • @mvasa2582
      @mvasa2582 Месяц назад +1

      I guess Moore's Law need to be modified to "double or nothing" and you get INTC for "nothing"

    • @computerscience1101
      @computerscience1101 Месяц назад +1

      Nice joke

  • @i486DX66
    @i486DX66 Месяц назад +2

    The Foundry pivot would have been far easier to accomplish the first time they tired it back in 2012 when they had unquestionably the best process technology in the world. Same with AI in 2012 when GPUs were just starting to be used for image recognition. All that happened before Pat came along. The prior few CEOs really put the company in a bad spot. Can't really blame Swan, he didn't even want the job.

  • @austinlam5480
    @austinlam5480 Месяц назад

    As expected as running operations costs is too high in US.

  • @Patrick-yh5yd
    @Patrick-yh5yd Месяц назад +1

    The Intel CEO should roll up his sleeves like Jim Cramer!!!!

  • @andrewz61
    @andrewz61 Месяц назад

    They've got two generations of processors they just sold that are failing constantly. They're going to be on the hook for a lot of money or they're going to have a lot of dissatisfied customers over the next 2 years.

  • @wesosdequeso8360
    @wesosdequeso8360 Месяц назад +1

    no chance Intel is gonna dissapear. There I cursed it 😢. Hopefully it doesn't drop to the point Elon, Microsoft or even Berkshire buys it and take it private.

  • @rosetzu_nagasawa
    @rosetzu_nagasawa Месяц назад

    Multiple vacancies for tech staff in SMIC,
    KINDLY apply IMMEDIATELY.
    relocation benefits for family and schools support.
    Operators are standing by, call now.

  • @ai7783
    @ai7783 Месяц назад

    Basically they did a favor for shareholder

  • @blipblop92
    @blipblop92 Месяц назад +1

    Time to fire Pat, he's not a good talker or a good leader

  • @TimCleese
    @TimCleese 18 дней назад

    Maybe now Hillsboro real estate will normalize. Nike next please.

  • @superiorwolf927
    @superiorwolf927 Месяц назад

    they have 500 billion dollars in debt. ...they said this in the all hands meeting. 40 billion wont do anything, they wont make it through this without going fabless

  • @kevinswift8654
    @kevinswift8654 Месяц назад

    Interviewer should have let him speak.

  • @ousefk5476
    @ousefk5476 Месяц назад

    How much lower can it go?

    • @DDMSakb48
      @DDMSakb48 Месяц назад +1

      $10 worst case. I would wait for $15 to open a position

  • @mouseisbroken
    @mouseisbroken Месяц назад

    Intel worked very hard to earn this, just look at how they intentionally slowed down products release when they had the monopoly back 8-10 years ago.

  • @WayneLinorice
    @WayneLinorice Месяц назад

    I think what this video fails to mention is downsizing for some quick cash is definitely not going to solve the problem. Intel's failures started years ago with them already not prioritizing research and development. Like with Boeing, there was a shift from a focus on good engineering to a focus on increase share value. Because of this the quality of intel chips have dropped leading to the situation we have today. An example of the poor quality of intel tech is the 14900K and the 13900K. These are intel's flagship CPUs. CPUs are normally meant to be indestructible and able to last for decades, but these two CPUs have a near 100% failure rate after a few years. Decreasing the headcount by 15,000 will make the share value go up a little bit in the near future but it will only worsen the quality problem intel has today.
    Following up on the analogy presented in the video, what intel is doing is actually like if you are having financial issues and can't pay your mortgage, so you decide to sell your work computer for some quick cash. You think you're all good with the cash in your hand from selling your work computer but now you can't do work anymore... This action really just drives home how shortsighted Intel's CEO is

  • @anonymousunionsoldier
    @anonymousunionsoldier Месяц назад

    Too big to fail? Chips Act says so. TSMC could be Chinese soon. Need a strong US front on semis.

  • @Juddalan88
    @Juddalan88 Месяц назад +1

    Intel will get bought, just wait..

  • @Killerjy
    @Killerjy Месяц назад +2

    I just bought intel see you in 20

  • @hoffrun
    @hoffrun Месяц назад

    Intel is the GeneralMotors of semiconductors.....

  • @aaronformella2869
    @aaronformella2869 Месяц назад

    A little penny stock never hurt anybody

  • @doctorshawn3461
    @doctorshawn3461 Месяц назад

    So happy I sold Intel a few years ago, but seriously Pat Gelsinger has to be one of the worse CEOs in the history relative to INCOME. In his first year as CEO he was awarded something like 100 million dollars. You could of hired a homeless uneducated person to be CEO of intel and they would have done better.

  • @billybunter5575
    @billybunter5575 Месяц назад

    well it wont help america destroying another country iran with all its missles and tanks man that will really cost the american economy a pretty penny.

  • @teoeehuat8742
    @teoeehuat8742 Месяц назад +1

    Not only Intel. Once China cheap chips entering the market. Majority of Chip Company will collape.

    • @aightm8
      @aightm8 Месяц назад

      They are a decade behind

    • @vlhc4642
      @vlhc4642 Месяц назад +1

      @@aightm8 I suggest you get a therapist on speed-dial.

    • @bubbasanches4591
      @bubbasanches4591 Месяц назад +1

      Chinese products are garbage, "if you can cheat, cheat" is a common slogan there

    • @computerscience1101
      @computerscience1101 Месяц назад

      Seriously? You're saying their DUV made chips will beat EUV made chips? What a joke 🤣

    • @aightm8
      @aightm8 Месяц назад

      @@vlhc4642 obviously you don't know how complicated these components are. Their most advanced CPU is the equivalent of a low end 10th gen Intel CPU.

  • @nagasako7
    @nagasako7 Месяц назад

    Intel going down with the x86 ship 😂😂😂

  • @quantumjump464
    @quantumjump464 Месяц назад

    There’s no silver lining for intel period. How much time has the investors given to intel. Think about that! 20 years! Just keep going down. It’s a retirement center!

    • @AlexNomadHuang
      @AlexNomadHuang Месяц назад

      TSMC is about to do the 2nm chip Trial mass production "next week" for Apple

  • @vladchenkov9215
    @vladchenkov9215 Месяц назад

    When a company has zero innovation and just adds more power this is the inevitable result. Literal power plant products

  • @neddiego2570
    @neddiego2570 Месяц назад

    Intel is competing with Boeing for higher crash rate. 😂

  • @davidlowe8597
    @davidlowe8597 Месяц назад +2

    LOL, Intel is just undergoing a bump in the road. I expect the stock may even drop to 10/share. Intel has the engineering capabilities to design the best chips in the world. They have to stop being x86 and CPU centric and understand need for augmented computing (GPU, DPU etc...) and quantum computing and how to write software to integrate all of them. They probably thought they were along for the AI ride until Nvidia came out with the Grace CPU. Now Intel needs to play GPU, Quantum Computing and integration software catch-up.

    • @vlhc4642
      @vlhc4642 Месяц назад +2

      If Intel has engineering capabilities they wouldn't have f*ed up so bad on their bread and butter x86 chips.
      And laying off 20k from R&D won't help.

    • @myroslav6873
      @myroslav6873 Месяц назад

      Do you think that designing a competitive GPU architecture is as easy as opening a bakery or something? It is literally easier to make spake rocket company than to make graphics architecture that can compete with Nvidia and even AMD. Actually, Intel has GPUs, Arc Alchemist. Intel poured billions into developing them and it's nowhere near Nvidia and AMD.

  • @zoner__
    @zoner__ Месяц назад

    Sullivan is a hack. Can we get someone else who does more prep?

  • @mikeshawn5864
    @mikeshawn5864 Месяц назад

    It is going to be 70😊😅

  • @LawrenceMarkFearon
    @LawrenceMarkFearon Месяц назад

    Ignore Ai GPU's and be doomed.

  • @RaviRajPophale_ravi
    @RaviRajPophale_ravi Месяц назад

    Change the CEO make someone from Indian origin

    • @computerscience1101
      @computerscience1101 Месяц назад +1

      Both stya nadella and sundar pichai are worst ceo

    • @RaviRajPophale_ravi
      @RaviRajPophale_ravi Месяц назад

      @@computerscience1101 lol... because of them only these companies are doing good.... Microsoft turnaround after Satya took over....ho and check MSFT chart

  • @rickhayes-oh2zm
    @rickhayes-oh2zm Месяц назад

    china already has robots

  • @mvasa2582
    @mvasa2582 Месяц назад

    there is always an option = Sell INTEL to PE. PE will probably size the company right and then take it public as a newly revamped company.

  • @user-wj7cv9hb5j
    @user-wj7cv9hb5j Месяц назад +3

    Still wouldn't buy. All shares are massively over priced.

    • @RotaxXS
      @RotaxXS Месяц назад

      Haha. Right.

  • @vohen7362
    @vohen7362 Месяц назад +1

    Last ceo was trash,Fundry problems back in 2021,loosing to amd since 2022.If you invested on Intel,the joke is one you suckassss ahhahaha

  • @crispyduck1706
    @crispyduck1706 Месяц назад

    This will either be bought or a new CEO anth some vision needs to take over or it’s going under in a few years

  • @grandmiserthe3rd434
    @grandmiserthe3rd434 Месяц назад

    Nothing to do with being " Woke " I trust ...... !!!

    • @002tar
      @002tar Месяц назад

      Not a political forum numb nuts

  • @MangoFlamingo
    @MangoFlamingo Месяц назад +1

    Intel CPU is crap

    • @RotaxXS
      @RotaxXS Месяц назад

      Agree. Your mom is better.

    • @MangoFlamingo
      @MangoFlamingo Месяц назад

      @@RotaxXS you havent seen my stepmom tho

    • @RotaxXS
      @RotaxXS Месяц назад

      @@MangoFlamingoyeah. I’ve seen the pig

    • @JHatLpool
      @JHatLpool Месяц назад

      How can you tell ? And by comparison to what ?

    • @MangoFlamingo
      @MangoFlamingo Месяц назад +1

      @@JHatLpool im just doing disinformation pal

  • @rtorcato
    @rtorcato Месяц назад

    What's happening to intel is what will happen to the auto companies that want to ignore EV

    • @RotaxXS
      @RotaxXS Месяц назад

      Yeah. How’s that working out for every EV maker?

  • @MARKXHWANG
    @MARKXHWANG Месяц назад

    all intel 14 gen chips are fried like eggs, lol. biggest intel crisis in history. your foudary business will lose 20 billion next year

  • @MARKXHWANG
    @MARKXHWANG Месяц назад

    it should go to 5. all 14th GEN CPU has big flaws causing them to get fried. do the math it is going to 0

    • @chrischoir3594
      @chrischoir3594 Месяц назад

      5 ?

    • @MARKXHWANG
      @MARKXHWANG Месяц назад

      ​@@chrischoir35945$ a share. it will have big losses ahead

  • @justinbam-ih9xz
    @justinbam-ih9xz Месяц назад +3

    TRUMP 2024 or we are all financially doomed folks !!

    • @002tar
      @002tar Месяц назад +2

      Trump had his chance and blew it
      Never again

    • @AESchabel
      @AESchabel Месяц назад

      👆This guy is a millionaire with this perspective. Wouldn't be possible to have this delusion as a working class citizen.