Intel gave rosy outlook for Q3 but I am 100% sure that it has to pre-announce shortfall by 10/7. After that stock will reach to new low of $26.
5 replies (most recent on top)
Market is very soft , budgets being cut , T&E is now almost non existent, I’m hearing TA/CoS roles are already being looked at, but that’s tip of the iceberg. Winter is coming ….. but there are a LOT of people with tenure who will be happy to leave. … so hopefully nothing mandatory in most parts of the world.
Intel will also have to deal with a strong US dollar making chips more expensive for other countries.
Intel is irresponsibility funding a big dividend as well.
These clowns have no idea how to allocate capital.
Intel has very few cash reserves. BK spent it all on stock buybacks to boost the price and his paycheck
100% agree. PC demand is very low and price war will start with AMD.