Intel Shares Fall by Most Since at Least 1982
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- Опубликовано: 8 сен 2024
- Intel shares suffered their largest decline in over 40 years after the company gave a grim growth forecast and laid out plans to slash 15,000 jobs, signaling that the chipmaker is ill-equipped to compete in the artificial intelligence era. Bernstein Research Senior Analyst Stacy Rasgon joins Ed Ludlow on "Bloomberg Technology."
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Poor Grandma.
The salaries of Intel’s CEO and top management should be reduced. Firing employees due to the CEO's incompetence is unfair. Maximizing shareholder profits often leads to lower quality, reduced innovation, and decreased safety. There are no safeguards against this lack of accountability.
Perfect example of poor leadership! They have been around since 1968 and still can't update their business model to keep up
If a publicly traded company chooses to outsource to cut cost, start with outsourcing the CEO job.
Cash doesn’t matter if Intel can’t sell their products.
When China STOPS BUYING CHIPS due to USA regime sanctions....and Huawei, SMIC, etc will advance. INTEL AND OTHERS WILL HAVE LESS MONEY FOR FUTURE RESEARCH. Intel, Apollo, TSMC will DISAPPEAR!
This what happened when senior management failed to understand how to run a business and allow to allowed EDI and ESG in their process.
Question from Taiwan: Why can this company get the biggest share of the subsidy from the Chips Act? and plan to lay off 15% employees?
Go back to your place and behave yourself. Stop asking questions.
That's like asking a dog why he doesn't get to eat at its owner's table.
@@smmasongt so Intel’s goal of remaining USA employees ???
TSMC is contributing to inflation by endlessly raising prices, and China is continuously stealing semiconductor technology from Taiwan. The United States accepts semiconductors as a security issue, but Taiwan is not showing a clear stance. As a result, it is beneficial for the United States to reduce its dependence on Asia for semiconductor technology, so it is reasonable for the United States to support semiconductor production companies headquartered in the United States. From what I heard, more than 1/3 of Taiwan's population is pro-China.
@@smmasongt Intel's goal is not to go bankrupt....
then what is the Chips Act's goal? not to let Intel go bankrupt?
Perfect time to buy AMD
Intel in the 90s was so awesome. Still remember the bunny suit disco commercials fondly. Sad to see a tech giant like this falter and decline destroyed from within by internal politicking and bureaucracy.
Having your engineers work 12 hours a day in the AZ heat doesnt help either.
Wow I didn't know that they had to do that. I'm an intel Employee in CA, and we don't have that problem. I've heard the same thing in Oregon and there was even a unionization attempt there
amd user since k6, but i worried abt Intel
we need intel for competition
like we need AMD 2001 to 2017 era
no competition will be very bad for consumer
but intel kept making bad decision after bad decision
Eye off the ball
This doesn't make sense; taxpayers granted them 6 billion dollars for a new fabrication, but now they're divesting multi-billion dollar partnership fabs. Without a GPU play, this was a mistake.
6B$ dont even cover the cement they pouring,
they bleed in gpu bro
i not sure how lonng they can sustain that bleeed
this stage similar like when amd buy ati, the diffrence is Intel much bigger company than amd that time
so the reserve much bigger
What I am seeing is finally reality and market sentiment catching to them. It's been on the writing long coming, perhaps even delayed a couple of times, which just made things way worse
Intel is too big to fail. Chips Act funding cemented that.
Can't keep on subsidizing the chip industry with usa taxpayer's money. This will only encourage companies to be less competitive and keep on relying on free money to stay afloat.
What I am seeing is finally reality and market sentiment catching to them. It's been on the writing long coming, perhaps even delayed a couple of times, which just made things way worse. Measures and changes, more drastic changes should have been taken long ago
Glad it finally caught up even if delayed
This man told us to buy Nvidia at 125 because it cheap.
Yeah. He’s a jackass.
Intel needs to make one simple adjustment: produce chips that are competitive and people want to buy, and while at it fix the manufacturing.
Applied materials,tata electronics video s please
In 2021 company had Annual $79B Revenue & $19B Net income, in 2024 Rev $54B and Net income $1.69B. In 2021 year company had annual $38B Debit and $9B cash now $49B debit and Negative -$14B cash. It's not first time INTC dropped like this multi time in past
Sure I sell my intel?😂
The chips act was a total setup,congrats. The next general givernment motors
They must mean in 2010 not 1982 "one of the safest blue-chip stocks" lol ok
I put 700k from my grandmas inheritance into this stock 2 days ago, Im sure it will turn around.
at price 30?
I bought loads at 21. Like Xmas morning. People can't see past one quarter, and speak like they know what it takes to build fabs and chip leadership. #bull
You can't see past 5 years. Intel can't compete in mobile, AI, manufacturing, etc. Apple ditched them a few years ago for ARM. Microsoft is ditching them with Qualcomm CPUs. They have no business model left.
> chip leadership
LOL 😄
LMAO even 🤣
@@untouchable360x so they ditching AMD then too, but I bet you don't feel the same about AMD. Xmas morning, I bought loads.
Buy the dip, or is Intel dying?
The latter seems unthinkable.
Multiple vacancies for tech staff in SMIC,
KINDLY apply IMMEDIATELY.
relocation benefits for family and schools support.
Operators are standing by, call now.
Intel just f*ed up their 7nm generation while SMIC is already past 7nm, lol
@@vlhc4642 INTEL just took delivery of ASML latest and pricest machine...they are just going to die standing
Appears that Intel has a higher degree of viability being acquired by another technology company, rather than remaining a standalone business. Too much business model erosion accelerating at a torrid pace. Gotta read the tea leaves in real time. 💯🎯
Yeah, they lost all the moat they had, intel is been esting by everyone, MAGS7, Qualcom, ARM tec., u name it
AMD, Lisa's been bleeding them dry for years. Intel's been forced to give away chips they are so uncompetitive with AMD
Losing team
Intel has been sucking since the early 2000's when they played bad with competition. AMD was going to capture intel if it werent for their dirty tricks (Bribing Dell, Forcing Asus to produce AMD's Althlon mothersboards in brown boxes and ASUS then denying that it was theirs, Denying parts to anyone who made AMD hardware. Their strategic mistakes from the Pentium 4 Clock speed, Itanium trying to kill x86, losing their way even when they had the lead, changing out chipsets and forcing users to upgrade memory and everything else etc, Rambus faisco, back in the days when AMD was in talks to buy NVDA (and they eventually bought ATI).
Their days have been numbered for a long long time. Wall St propped them up even quarter after quarter, year after year. Honestly i think they ill die (less the chip fab business).
You will end up with NPU type products from AMD, Qualicom, NVDA etc. There will be no room for Intel CPUs.
Companies have karma just like people and countries have karma.
en.wikipedia.org/wiki/Advanced_Micro_Devices,_Inc._v._Intel_Corp.
Intel BOD has pick another looser as CEO in a long line of CEOs like Pat Gelsinger!😮
Buy Intel at $10
Check the golf handicaps of management. Anything under 12 will explain this debacle.
Intel. Dead Inside.
Intel is good at chip design. They should focus on designing/innovating great chips instead of manufacturing chips.
he's speaking anything he dont understand anything
will the CEO resign?
Hope not. Best thing to happen to Intel in 10 years.
Intel is outsourcing their latest Lunar Lake CPU to be manufactured!😮
I thought they were going to make them right here in AZ? Didn't the subsidies that were given to them have some sort of "make in usa" clause?
Terrible company
You are a terrible intellectual.
over invested in defective cpus more like.
If Amd can not win the gpu against nvda. How this junk chip company who has little expertise in GPU can get exposed to AI gpu ? 😂
@@m4758406 AMD and Nvidia aren't going to give their designs to their fellow competitors.
Unless Intel solely focuses on chip manufacturing.
There's still Samsung and TSMC which are most likely moving to Japan in case a war breaks out.
The result of bandict Huawei. Microsoft will have the same day.
When China STOPS BUYING CHIPS due to USA regime sanctions....and Huawei, SMIC, etc will advance. Intel, Apollo, TSMC will DISAPPEAR with NO MONEY from China for future R&D!
Stacy is the worse semi analyst. He compared AMD’s ai gpu sales toward nvda’s rack system including gpu + motherboard , shintel cpu, interconnect. It’s very biased. Pls use Apple to Apple comparison.