Intel's worst day in 50 years: Stock trading at levels not seen in a decade

Dan Ives, Wedbush Securities analyst, joins CNBC's Special to discuss Intel as the company's shares cratered 26% after it announced weak guidance and layoffs.

[MunachiTeresa]

I really appreciate the effort and dedication in this video you post. It took me 4 years to understand that predicting the market based on charts is not reliable; you can never truly foresee what will happen. Without a mentor, those 4 years were tough. Now, I follow the market’s trends and keep my approach simple and disciplined. These days, I make an average of $35k per week, even though I rarely trade myself.

[enolachastang]

Well, I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises plummeting stocks that were once revered and I don't know where to go here out of devastation.

[Martin-qmlg]

Yet the CEO has been paid $200 million over the last few years for this disastrous performance

[petejames]

intel could end up like POLAROID or KODAK, a one time market darling gone broke

[keto]

"It's a get out the popcorn moment"

[petrihadtosignupforthis]

It is not necessarily their CPUs are slower than AMD. (They are)

It is not necessarily they are not on AI fad.

This is about them shipping defective products since 2022 and now that we know for sure they keep lying about it...

[michaelc]

THEY RECEIVED BILLIONS FROM THE CHIPS ACT!! WHERE TF IS THAT MONEY??!! 😡

[tbroikw]

First bearish take I’ve heard from Ives. Lol

[freedomfighter-]

Yeah look at amd 160 pe ratio, everyone delusional about ai until the end.

[donkeychan]

Intel should have a PE between 4 and 8 not 27... another 50-70% downside, probably to the $5-10 range

[mikeshanley]

lemme guess Nancy Pelosi shorted the stock yesterday

[littlevini]

Intel will be just fine. Only 1% revenue miss. Fabs coming online next year. That being said yes its a bad stock at the moment.

[EthelbertCoyote]

The former CEO was just a business man when in any tech business you need an engineer AND business man. A Welch-like leader prunes everything to make a bonsai tree from a business that work great for exactly where it is at but doesn't have the leaves and branches to survive if its conditions change and it has to grow somewhere else, and tech is a constant change business.

[Momina-vj]

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[Joao-pldb]

Check Intel CPU instability issue. They sold knowingly defective product since 2022 and the news are starting getting into main stream media.

[Momina-vj]

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[cybernit]

I remember in the 1990s... instead of Intel Inside --> Intel Outside.... when I had my Amiga and Motorola cpu. I always liked the Motorola cpus more than Intel cpus. Too bad Motorola killed the 68k series and went PowerPC.

[knt]

Well. If The Sanction On China Is Let Go In Near Future, Intel Might Have The Possibility To Reset Of Its Stock Position Back. In The Mean Time, It Is What It Is While The Wave Of The Ocean Keeps Its Flow : Up And Down. In Term Of An Upside Possibility Fast, Perhaps Someone Out There Can Tell The World. Sincerely ❤❤❤, KNT.

[qpsozoz]

Why does he always turn his head to one side when he talks

[xiangli]

Time for some Mega Angel to save Intel. Buffet, Musk, Soft Bank or even AMD. Make sure it's not our enemy.