Technology

59565 readers

3775 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

1084

Intel's stock drops 30% overnight —company sheds $39 billion in market cap | As of now, Intel's market value is a fraction of Nvidia's worth and less than half of AMD's (www.tomshardware.com)

submitted 3 months ago by ForgottenFlux@lemmy.world to c/technology@lemmy.world

271 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] MeekerThanBeaker@lemmy.world 29 points 3 months ago (2 children)

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.

[–] Randelung@lemmy.world 10 points 3 months ago (1 children)

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.

[–] icedterminal@lemmy.world 6 points 3 months ago (1 children)

You can move the drives. Just have your recovery key/password in hand. No problem.

[–] ichbinjasokreativ@lemmy.world 1 points 3 months ago

Or disable bitlocker on the old system and reenable on the new

[–] Dnb@lemmy.dbzer0.com 8 points 3 months ago (1 children)

Intel has had more security stuff that slowed it down than amd.

Amd had some usb dropout issues but otherwise has been pretty solid for Ryzen.

[–] stephen01king@lemmy.zip 1 points 3 months ago

Yeah, my PC still have the occasional USB issues, and if you go with laptop AMD chips now, you'd have to also deal with Mediatek wifi cards since AMD has an exclusivity deal with them.