https://seekingalpha.com/news/3846644-intel-drops-as-analysts-cut-estimates-following-management-commentary
What do you think?
6 replies (most recent on top)
Stock down over 20% in last 6 months in a period of the greatest chip demand ever. Unfortunately there could be groundwork that's laid now by other companies that will be hard to take back.
My hunch is that Sapphire Rapids is late going to production and as a result Data Center sales will be lower than expected. Sure there is an industry wide issue with supplies, but that will be maybe 20% of the shortfall in Intel sales. the remaining 80% is likely self-inflicted wounds. I base my estimates by how much NVDA and AMD have fallen - INTC fell about 5% while NVDA and AMD fell about 1%
Buyout packages?
At least we have management that tells the truth now, unlike this forum’s beloved BK. Expect these announcements from lots of companies for Q2 earnings. The global economy is about to implode.
Possible SP500 removal?
Another day, another downgrade.
The 20 year trend of dead money in INTC remains unbreakable.