Friday, August 2nd 2024
Intel Stock Swandives 25% in Friday Trading Spooked by Quarterly Results
The Intel stock on NASDAQ slid 25% as of this writing, on Friday (08/02). This comes in the wake of the company's Q2-2024 quarterly results that held the company's profitability below expectations, leading the company to suspend quarterly dividend payouts starting Q4-2024, and engage a slew of measures to cut cost of revenue by over $10 billion. Among other things, this mainly involves downsizing the company across its various business units. Intel tried to keep investor spirits high by posting updates on how its 5N4Y (five silicon fabrication nodes in four years) plan is nearing completion, and how the company is at the cusp of raking in numbers from the AI PC upswing. To this effect, the company is launching its "Lunar Lake" and "Arrow Lake" processors within 2024, to address the various PC sub-segments. The Intel stock isn't churning in a silo, tech stock prices across the industry are witnessing corrections, although few as remarkable as Intel.
Source:
FT
188 Comments on Intel Stock Swandives 25% in Friday Trading Spooked by Quarterly Results
Also, shop failures aren't CPU's that failed after a week, they mean DOA because they haven't stated otherwise. And that 2% difference in Puget's chart you seem transfixed on is at best a statistical anomaly. Because Puget just don't have the numbers.
It's funny seeing you ignore the actual issue, which is intel degradation under heavy use which is well documented with a boatload of evidence. You point to a chart, where systems aren't used 24/7 and used with different settings than others (where are the Puget reviews stating BIOS settings?) and go on and on about shop failures of Ryzen CPU's when we have much better data of much larger retailers demonstrating that shop failures are a non-issue when it's less than 1%. Please try to include all sources, because among the recent ones i've seen Puget's is literally the least relevant because even if we ignore the server farms, many larger retailers are saying the same thing - total number of issues are very low for all CPU's except an abnormally high rate for 13/14900k's. There's overwhelming evidence out there and i'm not going to continue this discussion because you've been proven incorrect (or asked to not look too deep into this graph for statistical reasons) but you just refuse to accept reality. Can't be bothered to waste my time on this anymore.
The only things i will say about failure, failure rate etc is it's really different something that just stop working or or you receive it and it's dead.
Having experiencing both, the "it just doesn't work" is soooooo much easier to deal with than the "X load just crash randomly". Retailer and manufacturer can gaslight you soo much before you are able to get a replacement.
The situation would have been easier on Intel owner if the CPU just died. Now, they are just going to freak out at every crash wondering if they should try to RMA their CPU.
Isn't the main point here being Intel 's lack of ability to identify & study & solve the problem ?
When ppl dig deep:
Intel had reports of this problem back in 2022.
Intel finally admitted the problem at May 2024.
- Failed to identify the problem for 2 years.
Intel knew the problem in 2022, they've tried to push microcodes with voltage changes and tests.
And still not able to tell we the customer the exact cause of the problem / affect batches / how to test the problem
- Failed to study, or even just try to setup a way of testing the problem.
Intel's way of solving the problem is extremely shady.
First they denied the problem.
Then they blamed the MB manufacturers.
Then they loosely coop with MB manufacturer to push baseline settings that didn't solve the problem.
Then they went silent again and hope things die out.
When the big news finally went off, now all the sudden full damage control, extend warranty, new microcode, but the problem is still, NOT BEING FIXED.
- Failed, just a big FAILED way of demonstrating its problem solving skills.
None of these is related to AMD.
They are all Intel's own doings.
Their stock price goes down because ppl lost trust in Intel.
1. When the issue first started in early 2023, Intel seems to be aware of oxidation issues, but still rejecting customers' RMA. Instead they blamed it on microcode which never fixed the issue.
2. As the issue started growing late last year and early this year, Intel immediately turned on their AIB partners by alleging the motherboards were offering too much power/ voltage. In reality, this practice has been around for a very long time, and Intel simply turned a blind eye even when motherboard makers are pushing the upper limits of their "recommendations", because such practices puts their CPU in a better position to compete.
3. This year, we hear even more customers get RMA rejected and CPU failure rate is very high. So much so that developers went onto social media to all Intel out to get their attention.
4. Intel keeps changing their narratives about the issue either shows their incompetence, or their unwillingness to share the root cause which will impact them further. Given that they have chosen to remain silent, just allowed the issue to grow over time, instead of dying down.
I feel if Intel's microcode fix don't resolve the issue this month, its gonna tank their share prices even more. Its clear their partners and customers are feeling frustrated.
Super aggressive boost clocks -> aggressive firmware VID -> aggressive voltage -> degrading (some oxidation induced some don't) -> need to lower the voltage -> CPU can't run these frequencies at low voltage -> instability -> more voltage -> LOOP
And they can't lower the boost clocks caz the product not meeting the spec leads to product recall, so the cycle just loop and loop.
The very same media spin tactic you admonish has been successfully used by Apple, Google, EA, Microsoft...
Lets not get lost in the desire to armchair-quarterback what we would reveal to the public if we were a billion dollar corporation, as if billion dollar corporations are run like kingdoms. They are not.
Intel reportedly dismantles Jim Keller's revolutionary Royal Core project and cancels Beast Lake - NotebookCheck.net News
Look forward to the next few years of Intel positively having their asses handed to them by AMD because as far as I can see, they have no answer to them.
Then again, this is from Moore's Law is Dead so we kind of have to take this with a grain of salt the size of Texas. So, you know... doubts.
lawyerssharks smell blood and are circling.