When I had to flash my BIOS and pray that it didn't brick my PC I cursed them, saying "Fuck Intel, I hope their stock plummets!"

You're welcome everyone.

These fucking idiots. All they had to do was pretend they gave a fuck about the chip debacle and play everything slowly. They couldn't even do that. They couldn't even pretend to give a fuck about anyone. Neither their customers nor their employees.

If they replaced the C-suite with the custodial staff, they would be in a significantly better position than they are now. Executives are always dumb as fuck, with very few exceptions. Pre-requisites for the job: narcisism, sociopathy and idiocy.

Brutal, nearly the lowest since 2008. Makes me want to buy in at this point.

Edit: I bought a few shares, so now they're sure to go bankrupt by tomorrow.

Edit 2: ayyy did I actually catch a falling knife for once? It's still going up after hours.

It's not everyday that I'm thankful that grandma didn't leave me $700,000 but today is one of those days

And people will continue to buy the 14900k and have the shocked pikachu face.

More than that, for years their CPUs have been eating more and more watts and the electricity prices went up... Just keep them on par with AMD CPUs... But still , most default to Intel...

After how horribly they handled the whole hardware defect scandal with their 13th and 14th gen i Series processors, this is 100% deserved.

Intel is a cautionary tale of what happens when you allow bean counters who care more about EBITDA than their customers and staff to run the show.

Fucking good! I know it's not the primary reason, but it's by high time that people see laying off 15k people as a bad thing and the company suffering for it.

And to think I grew up at a time when Intel reigned supreme. My my.

I never imagined a world where Intel was the little fish. Wild

Maybe they shouldn't have fucked over all of their own people.

Fuck em

1. glad I just went with AMD. Dodged a bullet.
2. Man that 11 billion they just got from us, so hot.

They also announced they are going to stop paying stock dividends starting Q4.

https://www.marketwatch.com/story/intel-to-suspend-dividend-cut-15-of-staff-upon-big-earnings-miss-d811a220

Back in ye olden days, you used to buy a stock largely due to its ability to regularly pay you back a dividend, as a more conventional kind of investment, before the more modern idea of 'buy low sell high' became the most prevalent investment strategy / market dynamic.

It took long enough for the market to wake up to it. They dragged their ass for what like 10 years without much real innovation. And everyone knew it the whole time. Then Apple ditched them. That alone should have been a huge sign. Apple does not fuck around. They definitely knew Intel had been rotting from the inside out.

I shorted them hard once. They stayed solvent longer than I could.

Smart people saw this coming.

Sanctions were supposed to stop China's semiconductor industry. The opposite happened.

I bought an Intel last time because I got AMD the time before that and they had issues that I can't recall right now. Security or they had to slow it down?

Luckily, I'm still on a 11th Gen. I guess I'm going back to AMD when I decide to upgrade again.

shoutout to the guy on wall street bets dunking 700k before it tanked to 30%

This will happen to the whole tech industry. Once people realise that Moores law is dead. Intel is just the beginning and „A.I.“ will not safe them.

So, I should invest now for cheap and when they inevitably bounce back, sell?

Nice to just imagine that this was backlash to the inhumanity of the constant layoffs. It's not, but would be nice.

Ugh, I got a fair return from buying to AMD right before Ryzen came out. I sold some of it and bought multiple different chip companies so now I have some AMD, some Intel, some NVDA. Oh well, it's not a huge amount but still sucks. I hope they can come back if only because AMD needs competition to keep them from becoming the evil that old Intel was. I was hoping Intel would also be a viable third GPU competitor, I like my Arc A770 for the price and I'm hoping they don't kill off the GPU division.

There is absolutely no way intel is going under any time soon. They may drop more but it's almost certain that they will recover.

I don't understand a valuation that puts them under AMD given how poor amd's market share is in the gpu market (which intel is now a new valid competitor in for the budget space) alongside the fact that intel's cpu market share is higher than AMD by a large margin.

I'm saying all this as a huge AMD fan. I have a 5800x3d and a 6800xt. I made our work standard laptop be amd based as I set the standards for my organization in my work role. I know my choice is the minority choice. Even in datacenter intel has an overwhelming lead.