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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 [email protected] to c/[email protected]

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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.

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[–] [email protected] 6 points 3 months ago (1 children)

It's literally defined as the number of transistors doubling in a chip. It doesn't at all mention the size or density.

https://en.m.wikipedia.org/wiki/Moore%27s_law

[–] [email protected] 6 points 3 months ago* (last edited 3 months ago) (1 children)

Well yes exactly.

Edit: you just showed the law is still alive and kicking:

It is dead.

The only reason it seems like it's not is because AMD server CPUs are just getting physically larger and larger

[–] [email protected] 5 points 3 months ago (1 children)

Fair enough.

Though if density is irrelevant then the entire thing is meaningless.

Should instead be talking about how large of a silicon wafer can be produced.

[–] [email protected] 1 points 3 months ago

Or something like CPU power per dollar, but that's just me.