Technology

59298 readers

4871 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

1094

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

275 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

[–] BombOmOm@lemmy.world 23 points 3 months ago* (last edited 3 months ago) (1 children)

AMD have anything to compete with Intel QSV

I believe AMD VCN does the same thing. Though I haven't looked into it. AMD chips also have pretty decent onboard video cores, so you might be able to do hardware accelerated encoding that way too.

was looking at a newer Intel CPU

Just stay away from Intel 13th and 14th gen chips. They have oxidation issues from the factory and are also over-volting themselves. The former is unfixable and the latter causes unfixable damage.

[–] kurcatovium@lemm.ee 4 points 3 months ago (3 children)

Does laptop cpus have same problems? I've found mixed results.

[–] BombOmOm@lemmy.world 22 points 3 months ago (1 children)

We don't know and Intel is being incredibly mum about the entire situation.

[–] peopleproblems@lemmy.world 8 points 3 months ago

Which probably means a lot of corporations that have Intel inside their everyday computers may be less than enthusiastic about what they spent money on.

[–] BatrickPateman@lemmy.world 14 points 3 months ago (1 children)

Read somewhere that everything 65W TDP and up is affected. Laptop CPUs should be mostly fine then.

[–] kurcatovium@lemm.ee 1 points 3 months ago

OK, glad to hear this. Thank you. (Also hope it's not another intel's lie.)

[–] mrvictory1@lemmy.world 5 points 3 months ago (1 children)

IIRC Intel confirmed all Gen13/14 CPUs with 65W TDP or more have the same issues K series do.

[–] kurcatovium@lemm.ee 1 points 3 months ago

OK, thanks for heads up.