Intel

2024 - 8 - 2

Intel's Stock Takes a Nose Dive: Is It the End of the Chipmaker as We Know It?

AI Competition - Corporate Turnaround - Intel - Job Cuts - Semiconductor Industry - Stock Market - Technology Trends

Intel's stock just had a meltdown, slumping 28% in one day! What's brewing in the chip world? Let's break it down!

In an unprecedented turn of events, Intel's shares plummeted by a staggering 28%, marking what could potentially be the largest single-day loss in the company's history. On a day that will likely be etched in both Wall Street and Silicon Valley history, Intel is projected to lose a whopping $35 billion in market value. This severe financial blow follows the announcement of an unexpected suspension of dividends and an aggressive downsizing strategy, which will unfortunately see 15,000 employees out of work. It seems like the chipmaker is scrambling to fix its turnaround plans as analysts warn of an 'existential' crisis looming over the company.

This dramatic decline has not only impacted Intel but also sent shockwaves through the global market, pulling down other major Asian players like Samsung and TSMC. The tech sector has taken a hit, with investors worried that Intel's issues could indicate wider troubles in the semiconductor industry. The company's recent financial results paint a grim picture, showing a $1.6 billion net loss in the second quarter alone, causing its shares to tumble by more than 26% during the trading session. As expectations for future revenues crash lower than anticipated, premarket trading shows no signs of recovery either, with shares down around 20%.

To compound Intel's struggles, the bond market is reacting similarly; investors are offloading Intel's bonds while spreads have blown out by an alarming 20 basis points. This shows just how much confidence has eroded among investors as the tech giant is embroiled in what appears to be a vicious cycle of rolling back on expenditures and cutting workforce. With the company’s total employee count near 124,800 by last year-end, these layoffs could add further strain not only to affected workers but also to the overall economy that’s still reeling from other job losses in the tech sector.

As Intel tries to navigate these turbulent waters, one has to wonder: can they turn things around? The fate of the company indicates a significant shift in the tech landscape and raises bigger questions about investment strategies going forward. For an interesting tidbit, did you know that despite these setbacks, Intel is still a leading player in the semiconductor market, known for its chips powering a multitude of devices? Also, Intel’s historical highs saw the stock soar back in the late 1990s, making it one of the most valuable companies globally, a far cry from today's circumstances. Can they redefine their legacy, or will they succumb to the volatile tides of the tech industry?

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Image courtesy of "The Economic Times"

Intel shares slump 28%, set for record loss as turnaround struggle ... (The Economic Times)

Intel was set to erase about $35 billion in stock market value on Friday in potentially its worst selloff ever after it suspended dividend and slashed ...

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Image courtesy of "CNBC"

Intel heads for worst day on Wall Street in 50 years, falls to lowest ... (CNBC)

Intel shares cratered on Friday, dragging down Asian stocks including Samsung and TSMC as well as other chipmakers.

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Image courtesy of "Financial Times"

Intel shares fall 28% on plans to cut 15000 jobs (Financial Times)

US chipmaker says it will also reduce capital spending as turnaround strategy hits another setback.

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Image courtesy of "Livemint"

Intel records $1.6 billion Q2 net loss; shares plunge 26% over ... (Livemint)

Intel Corp reported a $1.6 billion net loss for the April to June quarter results of calendar year 2024. The chipmaker's shares fell more than 26 per cent, ...

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Image courtesy of "Business Standard"

Intel shares to fall most in 24 years as it struggles with turnaround (Business Standard)

Shares of the company were down about 20 per cent in premarket trading after Intel late forecast quarterly revenue below estimates.

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Image courtesy of "MarketWatch"

Intel borders on 'existential' crisis as stock could see worst fall in 50 ... (MarketWatch)

An analyst says the company looks to be in a “spiral” following steep cost cuts and a reset of expectations.

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Image courtesy of "Motley Fool"

Why Intel Stock Is Crashing Today (Motley Fool)

Intel just served up a wave of very bad news for investors. The stock of Intel (INTC -26.40%) is getting crushed in Friday's trading. The company's share price ...

Investors dump Intel's bonds as spreads blow out after restructuring ... (Morningstar.com)

By Ciara Linnane. Spreads on some of Intel's longer-dated bonds were as much as 20 basis points wider on Friday. Bonds issued by troubled chip maker Intel ...

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Image courtesy of "The Economist"

What is going wrong for Intel? (The Economist)

The giant chipmaker has shed $40bn in market value in a day | Business.

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Image courtesy of "IndustryWeek"

Intel Says It Will Slash Workforce to Cut Costs (IndustryWeek)

Intel reported having 124800 employees at the end of last year, meaning the layoffs could hit about 18000 positions.

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Image courtesy of "BBC News"

Intel axes 15000 jobs after sales tumble (BBC News)

Shares in the company fall as much as 20%, contributing to a sharp fall in global stock markets.

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Image courtesy of "Livemint"

Intel shares slump 27% as turnaround struggle deepens (Livemint)

Aug 2 - Intel shares sank nearly 27% on Friday and were set for their worst day since 1974 after the chip manufacturer suspended its dividend and slashed ...

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Image courtesy of "Financial Times"

Intel's drastic cuts will not fix its fundamental flaws (Financial Times)

Can Intel spend its way back to chipmaking relevance? That was the question on investors' minds when Pat Gelsinger took over as chief executive in 2021.

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Image courtesy of "Yahoo Finance"

Intel stock plummets most in 40 years amid massive restructuring (Yahoo Finance)

Chip giant Intel's (INTC) stock price cratered on Friday, after falling short on second quarter earnings Thursday and announcing a $10 billion cost ...

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Image courtesy of "CNBCTV18"

Intel shares slump 28% as turnaround struggle deepens (CNBCTV18)

Shares of other chip firms also fell, with Arm, Micron Technology, GlobalFoundries and U.S.-listed shares of TSMC trading down between 2.8% and 6.7%.

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Image courtesy of "Vox"

Intel was once a Silicon Valley leader. How did it fall so far? (Vox)

The semiconductor manufacturer announced huge job cuts and a dividend pause after losing out on AI.

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Image courtesy of "Reuters"

Intel shares slump 26% as turnaround struggle deepens (Reuters)

Intel shares sank 26% on Friday in their worst day since 1974 after the chip manufacturer suspended its dividend and slashed its workforce to fund a costly ...

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Image courtesy of "ABP News"

Intel Stock Fall: 50 सालों का सबसे बड़ा नुकसान, इतना गिरा इंटेल स्टॉक, 1 ... (ABP News)

Intel Shares: इंटेल के शेयर शुक्रवार को 28 फीसदी लुढ़क गए. कंपनी ने एक दिन पहले लगभग 17 हजार लोगों को निकालने का ऐलान किया था.

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Image courtesy of "Business Standard Hindi"

Intel: Q2 Results के बाद चिप कंपनी ने कर दिया एंप्लॉयीज की छंटनी का ऐलान ... (Business Standard Hindi)

चिप कंपनी Intel ने का कैलेंडर वर्ष 2024 की अप्रैल-जून तिमाही में शुद्ध घाटा (net loss) 1.6 अरब डॉलर (161 करोड़ डॉलर) हो गया है।

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Image courtesy of "मनी कंट्रोल"

Intel के शेयरों में 50 साल की सबसे बड़ी गिरावट, कांप गए दुनिया की सबसे बड़ी ... (मनी कंट्रोल)

Intel News: चिप कंपनी इंटेल के शेयरों में शुक्रवार को 50 साल की सबसे बड़ी बिकवाली दिखी और यह टूटकर 10 साल के निचले स्तर पर आ गया।

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Image courtesy of "Business Today"

Addverb's robotics revolution: CEO Sangeet Kumar discusses ... (Business Today)

Sangeet Kumar, CEO and co-founder of Addverb, spoke with Tech Today, providing insights into the company's journey, technological innovations, and future ...

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Image courtesy of "CNBCTV18"

Intel suffers worst stock decline in decades after grim forecast (CNBCTV18)

Intel shares fell 26% to $21.48, wiping out about $32 billion in market value. This marks the stock's biggest single-day drop since since at least 1982, ...

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Image courtesy of "Zee Business हिंदी"

अमेरिकी बाजार में आ गया भूचाल, Intel में 40 सालों की सबसे बड़ी गिरावट; अब ... (Zee Business हिंदी)

ग्लोबल मार्केट में शुक्रवार को भारी बिकवाली दर्ज की गई. जॉब डेटा के बाद बाजार सहम गया है. रिजल्ट के बाद Intel की तरफ से जो गाइडेंस ...

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Image courtesy of "MarketWatch"

Intel's worst stock drop in decades may have been steeper if not for ... (MarketWatch)

The U.S. government 'cannot afford' to let Intel struggle over the long term, one analyst says.

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Image courtesy of "Barron's"

Intel Bulls Have Given Up. Why There May Still Be Hope for The Stock. (Barron's)

The Federal Reserve appears to be gearing up for a September rate cut. A century worth of rate-cut history shows it's good news for the stocks—as long as ...

Intel is struggling inside and out - and the stock will test investors ... (Morningstar.com)

By Ryan Shrout. Blue but no longer blue-chip, Intel hasn't been able to match Nvidia, AMD, Qualcomm and Arm Holdings. Intel's plan to grow is first to ...

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Image courtesy of "The Indian Express"

Intel shares slump 26% as turnaround struggle deepens (The Indian Express)

The company lost over $30 billion in market value, sparking concerns about its ability to catch up with rivals like TSMC. This decline, coupled with weak ...

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