Losing 16 billion dollars totally has nothing to do with this at all. Its time for Pat to pursue some creative hobbies at home, enjoy his retirement, and be with his family. There are no American troops in Baghdad, everything is fine, Intel is fine, and will soon be back to doing great things. Just ask Userbenchmark, Intel products are the best in class and highly sought after. nVidia has no real advantage in the AI race, and Intel is just dominating.
That 16 billion is just a brief hiccup, company is totally about to do great.
Losing 16 billion dollars totally has nothing to do with this at all. Its time for Pat to pursue some creative hobbies at home, enjoy his retirement, and be with his family. There are no American troops in Baghdad, everything is fine, Intel is fine, and will soon be back to doing great things. Just ask Userbenchmark, Intel products are the best in class and highly sought after. nVidia has no real advantage in the AI race, and Intel is just dominating.
That 16 billion is just a brief hiccup, company is totally about to do great.
Maybe now they can forget all the expensive chipmaking and get back to their core business of stock buybacks.
That’s probably the real reason. He was going to invest all that money instead of doing more stock buybacks. What an idiot!
With the CHIPS Act funding they can’t do stock buybacks.
It just frees up other money for buybacks that they would have had to waste on R&D.
the fact that you have to explain to people that money is fungible…
Well, at least one stupid fucker disagrees with that idea…
This simultaneously made me laugh and sad. Sad because I have heavy investments in Intel.
Well their stock price just jumped up after this announcement.
To less than what it was a month ago.
And more than what it will be next month.
This is the real lesson here and US taxpayer has to now pay for Intel CapEx.
These parasites are able to make “business” decisions that impact all of us with zero accountability.
Clown capitalism and no lessons learned.
Disgusting parasites are enabled here IMHO
While we’re at it, let’s go back to 10nm chips too. That’s Intel’s bread and butter. Phones get bigger every year. Why not transistors too?
userbenchmark should not be trusted.
https://gizmosphere.org/stop-using-userbenchmark/
My comment was dripping with sarcasm, I refer to them as “Loserbenchmark” most anytime they come up. Complete toolbag shill assholes over there, lol.
Are they still posting salt over AMD cpus spanking Intel haha
That shit started in 2017 and it got progressively more pathetic.
AMD wasting money on marketing… sure buddy, cope