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.
And people will continue to buy the 14900k and have the shocked pikachu face.
🙄 not everyone is a cs nerd. Jesus some good victim blaming here lol
They aren’t victims they’re rubes lol
Weird cope but okay
Since the 5800X3D It’s been known that AMD delivers similar or better performance than Intel’s top-of-the-line chips with far lower power usage and cheaper prices.
Knowing that why would anyone buy the inferior product?
More than that, for years it has been eating more and more watts and the electricity prices went up… But still , most simp for Intel 💀
Well a lot of products have these things in them and a lot of people have no clue they are getting sold a defective product. This is all on intel, do not blame the customer because the big corporation is selling defective goods.