firing a bunch of your R&D staff when you are already behind your competitors : bullish!
this is why I come here, for the amazing analysis
edit for the clowns below:
> **Intel will reduce its R&D** and marketing spend by billions each year through 2026; it will reduce capital expenditures by more than 20 percent this year; it will restructure to “stop non-essential work,” and it’ll review “all active projects and equipment” to make sure it’s not spending too much.
> “This is painful news for me to share. I know it will be even more difficult for you to read,” reads part of a memo from Intel CEO Pat Gelsinger to staff
JayRoyalty99 on
It would’ve been epic if he would’ve pulled a Jim Cramer
Medical_Dog_5483 on
Intel just wants to help Intelguy to get his money back. They announced it after Intelguy’s investment.
TechTuna1200 on
The guy is mentioned in every sub where the Intel topic comes up, lmao.
2Hosslovescash on
Intel cannot be used in the same sentence as bullish. Ever.
Trizz_Wizzy on
Pat G: “This is Bullshit”
Alioops12 on
Should have ask me first. Intel worker I overheard last week got 1 year severance to volunteer to quit. It was a general call to anyone.
IncomingAxofKindness on
That little blue thing the CEO has is the credit card they are about to run up trying to build fabs and never turning a profit again.
OB1KENOB on
lol, trying the good ol’ “If we say ‘AI’ out loud, maybe the algos will pump us”
Conscious-Pollution5 on
Make Grandma Proud Again
K3wp on
I worked @ Bell Labs / Lucent Technologies in the 1990’s while they were imploding.
I am getting the *exact same* energy I’m getting from Intel now.
It’s a dinosaur that is saddled with an aging workforce, particularly at the executive level, that doesn’t understand or anticipate where the market is and is going.
What is going to happen now is all their top employees are either going to retire or go elsewhere, Intel is not going to be able to replace them and that is the end of it. At Bell Labs, everyone I knew either retired, went to Academia or a FAANG company. Newly-minted PhDs don’t want to work for a dying tech company.
There isn’t a market for massive, over-engineered “space heater” CPUs other than the high-end PC gaming market; which isn’t enough to keep a company their size afloat (and can be met by AMD regardless). Additionally, as we’ve seen with the recent debacle, their CPU architecture is so brittle that if the power management malfunctions they will be permanently damaged.
As a long-time PC/Intel geek, its really amazing how subtly the market shifted to the point I didn’t even realize it until recently. I spend literally 100% of my time on a M2 Macbook, Steam Deck, S24 Android phone and Quest 3 headset (the latter being Qualcomm Snapdragon SOC chips). I have an Acer Predator Intel/Nvidia gaming laptop that sounds like a 747 taking off when doing something as trivial as downloading Windows updates and has been gathering dust for 8+ months. The power supply is the size of a literal brick and it’s a pain to even travel with as it barely fits in my backpack.
The present and future is power-sipping SOC (system-on-a-chip) + AI solutions, which are already powerful enough to play Fortnite, which is all the younger generation is going to care about. I also don’t think people anticipate what a groundbreaking technology AI upscaling is, as it will allow 8k rendering with 2k hardware.
mark1forever on
cutting off unnecessary positions at Intel is indeed bullish, also cancelled dividends.
throwaway78907890123 on
They kinda missed the AI hypetrain. The whole AI AI phase is over..
InvestigatorUpbeat48 on
Should’ve avg’d into the stock 😂
mallikPr on
grandma will be happy 😀
DenseVegetable2581 on
Not with the pending lawsuits and major recalls of the top of the line chips from the last generations
There were a few intel shills in WSB clowning AMD the last few months saying why Intel was on the way up again… need to find them as well
Intel is so going to have a comeback after the AI bubble bursts.
Someday.
lifo888 on
At least he didn’t buy calls
bitterbrew on
Maybe he can be like the hawk tau girl and make money off this fame?
South-Cold-5091 on
The intel guy should be the face of a new round Intel advertisement.
victotronics on
I’ve seen that photo before. What’s he holding? A Larrabee? Xeon Phi? Something else that was a dead-on-arrival for Intel?
hecmtz96 on
Pat Gelsinger has to go. Not sure how he still has a job.
vesleengen on
I held Intel for 4 years and made nothing. Even bought a bit more on one of the smaller dips. Still nothing. As soon as it hit $45 again I sold everything. Dividends where barely $25 pr quarter.
Slowly_We_Rot_ on
We haven’t fully had our share prices skyrocket with the A.I. bubble like the rest of tech.
Fixed it!
AdIllustrious5214 on
Intel’s play is shifting the business to be primarily focused on foundry activities. Theyll ink deals with apple, Microsoft, Qualcomm, etc. to manufacturers the chips those companies design in-house. Hence cutting R&D and reassessing what they’re working on.
27 Comments
https://preview.redd.it/d0rwuc6ydhgd1.png?width=913&format=pjpg&auto=webp&s=db8ca60aa8199ed807c70370c07c4dea927e87fe
firing a bunch of your R&D staff when you are already behind your competitors : bullish!
this is why I come here, for the amazing analysis
edit for the clowns below:
> **Intel will reduce its R&D** and marketing spend by billions each year through 2026; it will reduce capital expenditures by more than 20 percent this year; it will restructure to “stop non-essential work,” and it’ll review “all active projects and equipment” to make sure it’s not spending too much.
> “This is painful news for me to share. I know it will be even more difficult for you to read,” reads part of a memo from Intel CEO Pat Gelsinger to staff
It would’ve been epic if he would’ve pulled a Jim Cramer
Intel just wants to help Intelguy to get his money back. They announced it after Intelguy’s investment.
The guy is mentioned in every sub where the Intel topic comes up, lmao.
Intel cannot be used in the same sentence as bullish. Ever.
Pat G: “This is Bullshit”
Should have ask me first. Intel worker I overheard last week got 1 year severance to volunteer to quit. It was a general call to anyone.
That little blue thing the CEO has is the credit card they are about to run up trying to build fabs and never turning a profit again.
lol, trying the good ol’ “If we say ‘AI’ out loud, maybe the algos will pump us”
Make Grandma Proud Again
I worked @ Bell Labs / Lucent Technologies in the 1990’s while they were imploding.
I am getting the *exact same* energy I’m getting from Intel now.
It’s a dinosaur that is saddled with an aging workforce, particularly at the executive level, that doesn’t understand or anticipate where the market is and is going.
What is going to happen now is all their top employees are either going to retire or go elsewhere, Intel is not going to be able to replace them and that is the end of it. At Bell Labs, everyone I knew either retired, went to Academia or a FAANG company. Newly-minted PhDs don’t want to work for a dying tech company.
There isn’t a market for massive, over-engineered “space heater” CPUs other than the high-end PC gaming market; which isn’t enough to keep a company their size afloat (and can be met by AMD regardless). Additionally, as we’ve seen with the recent debacle, their CPU architecture is so brittle that if the power management malfunctions they will be permanently damaged.
As a long-time PC/Intel geek, its really amazing how subtly the market shifted to the point I didn’t even realize it until recently. I spend literally 100% of my time on a M2 Macbook, Steam Deck, S24 Android phone and Quest 3 headset (the latter being Qualcomm Snapdragon SOC chips). I have an Acer Predator Intel/Nvidia gaming laptop that sounds like a 747 taking off when doing something as trivial as downloading Windows updates and has been gathering dust for 8+ months. The power supply is the size of a literal brick and it’s a pain to even travel with as it barely fits in my backpack.
The present and future is power-sipping SOC (system-on-a-chip) + AI solutions, which are already powerful enough to play Fortnite, which is all the younger generation is going to care about. I also don’t think people anticipate what a groundbreaking technology AI upscaling is, as it will allow 8k rendering with 2k hardware.
cutting off unnecessary positions at Intel is indeed bullish, also cancelled dividends.
They kinda missed the AI hypetrain. The whole AI AI phase is over..
Should’ve avg’d into the stock 😂
grandma will be happy 😀
Not with the pending lawsuits and major recalls of the top of the line chips from the last generations
There were a few intel shills in WSB clowning AMD the last few months saying why Intel was on the way up again… need to find them as well
Intel is so going to have a comeback after the AI bubble bursts.
Someday.
At least he didn’t buy calls
Maybe he can be like the hawk tau girl and make money off this fame?
The intel guy should be the face of a new round Intel advertisement.
I’ve seen that photo before. What’s he holding? A Larrabee? Xeon Phi? Something else that was a dead-on-arrival for Intel?
Pat Gelsinger has to go. Not sure how he still has a job.
I held Intel for 4 years and made nothing. Even bought a bit more on one of the smaller dips. Still nothing. As soon as it hit $45 again I sold everything. Dividends where barely $25 pr quarter.
We haven’t fully had our share prices skyrocket with the A.I. bubble like the rest of tech.
Fixed it!
Intel’s play is shifting the business to be primarily focused on foundry activities. Theyll ink deals with apple, Microsoft, Qualcomm, etc. to manufacturers the chips those companies design in-house. Hence cutting R&D and reassessing what they’re working on.