Not just Intel but entire stock market has collapsed thanks to fears of recession.
www.cnbc.com/2024/08/01/stock-market-today-live-updates.html

Turns out jacked up AI/tech products & layoffs don't go so well hand in hand, who'd have thunk it :slap:

Don't worry though someone will make money off of this opportunity, they always do on Wall Street :shadedshu:

I know that the entire market is effected but it is not that simple. We lost a ton of workers in the Technology space this quarter. Whether in PC, Games or Telco there have been tremendous cuts this quarter. Even my workplace has done reduction and expects that we will be able to automate some processes but AI has no idea what idiosyncrasies are.

ChaitanyaNot just Intel but entire stock market has collapsed thanks to fears of recession.
www.cnbc.com/2024/08/01/stock-market-today-live-updates.html

DOW and NASDAQ are down around 2% but Intel is down around 27%
Nvidia down about 1.5%
AMD is oddly up about 2%

^ This. 2% is a bad day, not a full-on market collapse.
As for Intel, you reap what you sow - allow me to break out the tiniest of violins.

64KAMD is oddly up about 2%

Oddly? AMD's revenue grew 9% in Q2 and it's main competitor is having tremendous issues with 13/14th gen, whilst not having a competitive data center portfolio.

Nothing really odd here.

The bigger issue could be when they all realize this tulip mania ~
seekingalpha.com/article/4709171-nvidia-only-has-a-few-key-customers-and-theyre-warning-you

Well, for the sake of competition, here's to hoping core 200 delivers.

That's a big drop in one day. It was obviously driven by trading bots that were fencing sitting on "sell" and then something tripped/sell threshold met.

I wonder if there will be a big bounceback on Monday - and therefore gains to be made on intraday trading.

ThomasKOddly? AMD's revenue grew 9% in Q2 and it's main competitor is having tremendous issues with 13/14th gen, whilst not having a competitive data center portfolio.

Nothing really odd here.

Well, Nvidia is making more money than ever but they are down about 2%. Investors just seem to want to sell tech stocks right now and for AMD to be up does stand out imo.

What a shocker!!

ThomasKOddly? AMD's revenue grew 9% in Q2 and it's main competitor is having tremendous issues with 13/14th gen, whilst not having a competitive data center portfolio.

Nothing really odd here.

Exactly. And with Ryzen 9000 coming soon, I don't think Intel will have a viable response. So yeah, expect Intel's stock price to continue to nosedive while AMD goes even higher.

God, I wish I has a damn time machine to go back in time to tell myself of five years ago to buy a shitton of AMD stock.

Too bad they rested on their laurels for so long and tossed away their market lead via stagnation. That and the lack of innovation besides slapping on e-cores and pumping wattage through the roof up until their new lake skus. Can’t even find it in me to play my tiny violin.

rv8000Too bad they rested on their laurels for so long and tossed away their market lead by stagnation for so long. That and the lack of innovation besides slapping on e-cores and pumping wattage through the roof up until their new lake skus. Can’t even find it in me to play my tiny violin.

It's like the old Tortoise and the Hare fable. The Hare (Intel) sat down and took a nap while the Tortoise (AMD) went past them.

I honestly think that a lot of Intel's problems really began when Apple dumped them as a chip supplier and went with their own chips, namely the M-series of chips. That was the beginning of the domino effect that we see now. Apple going with ARM showed the world that x86 was no longer the performance king.

The Hare was also having a gourmet meal while being drunk ~ don't forget the $50 billion or so in stock buybacks!

This was after Zen launched, they really cannot justify that level of BS even if they weasel out of this current situation.

Economy is being held up by toothpicks. Market is still up ~3% from the beginning of July so not that big of a deal from yesterday and today... just the daily swing seems worrisome. The average time to recession AFTER the LAST rate hikes from the fed historically is ~11 months... Last rate hike was ~July in 2023 so we're about due....

trparkyIt's like the old Tortoise and the Hare fable. The Hare (Intel) sat down and took a nap while the Tortoise (AMD) went past them.

I honestly think that a lot of Intel's problems really began when Apple dumped them as a chip supplier and went with their own chips, namely the M-series of chips. That was the beginning of the domino effect that we see now. Apple going with ARM showed the world that x86 was no longer the performance king.

Nah, it was Lisa Su and her leadership starting all the way back with Mantle. That was 2015 when the stock was around $2. Mantle was the crucial key to breaking into the consoles and everything came from that.

trparkyGod, I wish I has a damn time machine to go back in time to tell myself of five years ago to buy a shitton of AMD stock.

Nope, not bringing politics into this thread. I don't need any warning points today.

trparkyIt's like the old Tortoise and the Hare fable. The Hare (Intel) sat down and took a nap while the Tortoise (AMD) went past them.

I honestly think that a lot of Intel's problems really began when Apple dumped them as a chip supplier and went with their own chips, namely the M-series of chips. That was the beginning of the domino effect that we see now. Apple going with ARM showed the world that x86 was no longer the performance king.

it is the old quote “ it takes 15 years for overnight success”, or failure i guess.

This was predicted by some people back in 2017-2018 when everybody at Intel and their loyal internet-fanboy-army laughed about Zen/Zen+ performance and their only pride was having "the gaming crown". Those people told precisely what would/will happen if Intel would not change its approach and acknowledge that AMD after Ryzen and AMD before Ryzen (2006-2016) is not the same opponent.
Not that I am shocked with current events but it is "I told you so" moment :)

Intel’s problem is not just that they aren’t doing well now, it’s that they are staring at Raptor Lake problems and also that they don’t have a lot to point to in the near future that’s showing they have the answers. Meteor Lake yields are terrible and performance is not exactly revolutionary. It’s going to get worse before it hopefully gets better. They pushed their designs too hard to compete, and now that they’ve crossed that line, they have to find real solutions. The piper is here, and he ain’t taking IOUs.

Yeah, Intel's biggest mistake was looking at today's AMD as if it were still the pre-Ryzen AMD of years ago. AMD bet the company on Zen and it paid off big time.

This isn't even the beginning...the RMAs from 13th and 14th gen still haven't gone mainstream yet (only talked about in tech/gaming circles currently) and OEMs are still most likely kept in the dark about Intel's oxidation/degradation issues. And that news likely also hasn't landed yet with their foundry customers. Wait for the next quarter results when those customers start claiming back the money for those RMAs or Intel are forced to replace the faulty CPUs on a large scale and take that money away from their already collapsing sales...it'll be a bloodbath.

Intel are in so much deeper shit than AMD now...AMD at least had their GPU division carry them during their Bulldozer era whilst they went back to the drawing board with Zen. For Intel, pretty much all of their success is betting on their fabs (most long term strategy they could've possibly picked). They don't have any products to counterbalance these types of losses and this much reputational damage and they're already cutting jobs from even their AI division (at a time when every other company is adding extra zeroes to their company's value just by working in the field). Unless they have some revolutionary next gen tech up their sleeves ready to launch in 6-8 months, I don't see their value going anywhere but lower anytime soon.

And remember that it's Intel's own arrogance that brought them here. Remember Pat claiming AMD is "in the rearview mirror"? That he will "win back Apple" as a customer? That ARM's threat is "insignificant"? And that CUDA will be a "footnote in history"? This is what a decade of stagnation (coasting on quad cores) and prioritising their bean counters for bonuses over talented engineers that literally built their company from the ground up has brought them. I'm so glad I dumped this stock when bean-counter Bob Swan took the reigns.

Darmok N JaladIntel’s problem is not just that they aren’t doing well now, it’s that they are staring at Raptor Lake problems and also that they don’t have a lot to point to in the near future that’s showing they have the answers. Meteor Lake yields are terrible and performance is not exactly revolutionary. It’s going to get worse before it hopefully gets better. They pushed their designs too hard to compete, and now that they’ve crossed that line, they have to find real solutions. The piper is here, and he ain’t taking IOUs.

And to think that Intel was laughing at AMD with their chiplet design calling them "glued together". AMD can make all kinds of chips starting from data center chips all the way down to consumer chips because of their chiplet design.

If only Intel would have done the same.

I’m actually wondering how long before we learn the dGPU business is done for. It’s been a huge money loser for years. I wouldn’t be surprised if it’s part of the 10B cost reduction. While technically and asset, it’s not exactly worth much on the open market.