Intel Says Revenue Will Fall Short of Expectations, Cuts Jobs. Shares fell more than 13% in late trading.
https://www.bloomberg.com/news/articles/2024-08-01/intel-says-revenue-will-fall-short-of-expectations-cuts-jobs?srnd=homepage-americas
Posted by RandomGuyNamedChris
20 Comments
The guy that bought Intel worth of 700k.. only if he waited at least till earnings.
grandmas stay alive and use the money you saved on your last years instead of giving it to regarded grandchildren
INTC is the Sears of semi stock lol
i need the intel guy to give us an update on his position tomorrow.
I sold as soon as I saw the stories about failing processors
Damn just went to check out INTC. Puts must’ve printed holy.
Been calling it for months.
>They’re be filing Chapter 11 in a year or two. As always, eternal puts on $INTC.
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>The play is always the same. Eternal puts on $INTC.
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>Imagine paying a $20B mortgage on your own fabs, then having to hire a 3rd party manufacturer because those fabs don’t work. Eternal puts on INTC.
“We’re not making enough billions. Fire everyone! I need my bonus!”
https://preview.redd.it/51nfk06ue4gd1.jpeg?width=625&format=pjpg&auto=webp&s=d9a2468f890ffe54fa1f2cf3a5007fc89aa193ac
DOJ sues companies for anti-trust and all other shit. They should Intel for gross negligence and force it to break up and be sold to semiconductor companies that have good leadership and vision. This is a national security issue now, China overtakes TSM and the U.S. is shit out of luck!
Mama Su gobbling up Pat’s lunch
So… is THIS the bottom? Can we catch THIS knife?
Where’s the fuckin surprise?
This company has been an abject failure for years and years
Just a total piece of shit
I don’t know why anyone would think they’re going to ride a turn around story in this bag of dicks
Same goes for Boeing.
Don’t put money into Boeing and be salty when you get fucked
Anyone remember when intel made Pentium chips that produce errors in floating point calculations and had to recall them? No, thought not. 1994.
https://en.m.wikipedia.org/wiki/Pentium_FDIV_bug
Makes Musk’s 2018 pay package that led him to increase stock value by 700% less regarded
Dec 6, 2022 — Intel CEO Pat Gelsinger was the highest-compensated CEO in the Bay Area in 2021, with $*179.2 million* in total compensation
Pat Gelsinger needs to go.
NVDA should just buy them out and start a CPU division to directly complete with AMD on all fronts.
Can help but think the FED is waiting too long to act.
AMD YES AMD AMD AMD 
One more year in grad school and I’ll be able to find a job right? Right?