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Guy bought $700k Intel stock just before crash, grandma come back look for him.

Hightech88

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Drop more than 33%, he can Tiao Lao liao...败家子 LOL

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Hightech88

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https://finance.yahoo.com/news/biden-made-disastrous-bet-wrong-180000890.html

Biden has made a disastrous bet on the wrong horse​


Pat Gelsinger

Intel has lost more than half of its value since Pat Gelsinger became chief executive - Annabelle Chih/Bloomberg

Pat Gelsinger, the CEO of Intel, has claimed that the semiconductor company was months away from collapse before he took charge. According to him, the Silicon Valley icon that brought the microchip into the mainstream was ready to be sold off for parts and give up on innovation.

Since Gelsinger became Intel's CEO three years ago, the company has avoided that fate, but the reality has not been much better. On Thursday, Intel announced plans to cut 15,000 jobs – almost a sixth of its global workforce – and suspend its shareholder dividend. It slashed investment forecasts and reported a $1.6 billion loss.

Intel, which has spent most of its six-decade history at the cutting-edge of chip design, is losing ground in key markets such as the servers that sit inside today's cavernous data centers, while its traditional PC business is in longer-term decline. This comes despite the Biden administration lavishing subsidies on the company, which has become the single biggest beneficiary of the Chips Act, the US president's $280 billion plan to counter China.

On Friday, Intel's shares fell by 26%, the company's biggest one-day slump ever. Its market value fell below $100 billion for the first time in 15 years. The company has lost more than half of its value since the start of 2021, when Gelsinger was hired.
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laksaboy

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If NVIDIA or AMD are ever forced to change manufacturers due to rising tensions/war between China & Taiwan, Intel will likely be a sole or largest manufacturer for NVIDIA and AMD

So stupid, TSMC can set up shop outside of Taiwan, or outsource some of the production to Samsung as a last resort.

None of them will care about Intel. They're dealing with ARM chips.

Not too long ago Apple Macs and Macbooks came with Intel chips, then Apple abandoned Intel chips and used Apple Silicon 'M' chips. Intel just lost a chunk of its business and there is no way to take that back.

Even Microsoft is shifting away from Intel by collaborating with Qualcomm.

https://www.qualcomm.com/products/mobile/snapdragon/laptops-and-tablets/snapdragon-x-elite

Microsoft also has an alliance with Samsung and AMD.

Intel is fucked, and I say this as a guy who DIY built PCs with Intel chips for as long as I can remember.
 

laksaboy

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This comes despite the Biden administration lavishing subsidies on the company, which has become the single biggest beneficiary of the Chips Act, the US president's $280 billion plan to counter China.

The Tiongs want TSMC. They don't care for Intel.

Also, using taxpayer money to subsidize floundering businesses is very communist, exactly what China has been doing all these years. :cool:
 

Willamshakespear

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Intel corp which was founded in 1968 is considered a blue chip stock, as it has proven track records of performance, stock value thru considerable wealth earnings & savings in banks untouched, leadership & innovations for more than 4 yrs which is the point of which serious investors would look into to invest for long term ROI or yields.

Ultimately, how the company, an MNC performs, is how it is managed, under Capitalism & the Free Market which works hand in hand to provide honest services, jobs & opportunities to investors.

Unlike State run companies funded by dictatorships thru cronyism such as those in China, there is NO option for failures in open democratic societies where transparancy is a must. Each CEO hired is based upon his/her proven record & thus the high salaries they command, agreed upon by owners & majority shareholders. Such blue chip companies are NOT charities, but RESULT ORIENTATED.

Such failures on the company's direction - progress - would mean the end for the CEO's career, & REPLACED by another. Time would be given to the CEO to prove success, but ultimately, there is a limit to time.

Fluctuations in markets are only common, mistakes will be made as no mortal is perfect, but should mistakes go unacknowledged or corrected, then either the company, staff & investors would demand the resignation of the CEO one way or another, so as to bring a blue chip stock back to profitability.
 

ginfreely

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She sold the nusa duta one at a loss.
Still owning some other whore houses.
Big business for gansiokbin to be the house owner cum prostitute.

Cantonese dog son of chicken @sbfuncle SELF ADMITTED THIEF CBT CRIMINAL THAT WAS JAILED FOR SELLING ILLEGAL GOODS SCAMMER RUNNING AMOK DO DEFAMATION CRIMES TO GANSIOKBIN PUI!​

 

ginfreely

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@sbfuncle Btw every jb house in ringgit i sold at profit and contributed greatly to mudland capital gain tax. And loss is due to exchange okay? Pui!
 
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