Intel 5 day share price performance chart

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   atomicpoet (atomicpoet@atomicpoet.org)'s status on Saturday, 03-Aug-2024 06:28:05 JST atomicpoet

   Intel just lost -26.3% of its value in a single day!

   That’s its biggest loss in value in more than 40 years!

   And though this looks dramatic, it has actually been a slow moving trainwreck.

   Apple’s move to ARM chips was the canary in the coal mine.

   Intel’s CPUs haven’t seen dramatic performance gains in 10 years. In terms of both value and performance, AMD has been crushing them.

   And while AMD and Nvidia have been riding the GPU wave, Intel has been slow to enter the market. Where they should be showing value with the Arc line of GPUs, the actual product has been anemic.

   It’s got so bad that Microsoft, who was once their duopoly partner in crime – remember the term “Wintel”? – has now turned to Qualcomm’s ARM chips to power their new line of laptops.

   But it gets worse! Over the past few months, it’s been discovered on hardware enthusiast forums that Intel has been selling defective 13th and 15th generation chips that are creating permanent damage. Customers are so angry, they’ve filed a class action lawsuit.

   This has all culminated in Intel announcing a layoff of 15% of their workforce and an entire reorganization of their company.

   To say this company is in trouble is an understatement.