Intel Shares Fall by Most Since at Least 1982

Intel shares suffered their largest decline in over 40 years after the company gave a grim growth forecast and laid out plans to slash 15,000 jobs, signaling that the chipmaker is ill-equipped to compete in the artificial intelligence era. Bernstein Research Senior Analyst Stacy Rasgon joins Ed Ludlow on "Bloomberg Technology."
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[ZakiSalem-zhgr]

Perfect example of poor leadership! They have been around since 1968 and still can't update their business model to keep up

[richardm]

The salaries of Intel’s CEO and top management should be reduced. Firing employees due to the CEO's incompetence is unfair. Maximizing shareholder profits often leads to lower quality, reduced innovation, and decreased safety. There are no safeguards against this lack of accountability.

[VegasVaron]

Cash doesn’t matter if Intel can’t sell their products.

[AlexNomadHuang]

Question from Taiwan: Why can this company get the biggest share of the subsidy from the Chips Act? and plan to lay off 15% employees?

[dutchryans]

This what happened when senior management failed to understand how to run a business and allow to allowed EDI and ESG in their process.

[egordonliddy]

Having your engineers work 12 hours a day in the AZ heat doesnt help either.

[anonymousunionsoldier]

Intel is too big to fail. Chips Act funding cemented that.

[supriadiramlan]

amd user since k6, but i worried abt Intel
we need intel for competition
like we need AMD 2001 to 2017 era
no competition will be very bad for consumer
but intel kept making bad decision after bad decision

[ha]

Intel needs to make one simple adjustment: produce chips that are competitive and people want to buy, and while at it fix the manufacturing.

[MrJsv]

The chips act was a total setup, congrats. The next general givernment motors

[slap]

This man told us to buy Nvidia at 125 because it cheap.

[lou]

Intel in the 90s was so awesome. Still remember the bunny suit disco commercials fondly. Sad to see a tech giant like this falter and decline destroyed from within by internal politicking and bureaucracy.

[StockPax]

In 2021 company had Annual $79B Revenue & $19B Net income, in 2024 Rev $54B and Net income $1.69B. In 2021 year company had annual $38B Debit and $9B cash now $49B debit and Negative -$14B cash. It's not first time INTC dropped like this multi time in past

[ektogqh]

What I am seeing is finally reality and market sentiment catching to them. It's been on the writing long coming, perhaps even delayed a couple of times, which just made things way worse

[ektogqh]

What I am seeing is finally reality and market sentiment catching to them. It's been on the writing long coming, perhaps even delayed a couple of times, which just made things way worse. Measures and changes, more drastic changes should have been taken long ago
Glad it finally caught up even if delayed

[monroy]

This doesn't make sense; taxpayers granted them 6 billion dollars for a new fabrication, but now they're divesting multi-billion dollar partnership fabs. Without a GPU play, this was a mistake.

[bliglum]

Buy the dip, or is Intel dying?
The latter seems unthinkable.

[Lewis-dqxb]

They must mean in 2010 not 1982 "one of the safest blue-chip stocks" lol ok

[Squig]

I put 700k from my grandmas inheritance into this stock 2 days ago, Im sure it will turn around.

[johnm]

Appears that Intel has a higher degree of viability being acquired by another technology company, rather than remaining a standalone business. Too much business model erosion accelerating at a torrid pace. Gotta read the tea leaves in real time. 💯🎯