{"id":1827407,"date":"2023-01-29T06:20:29","date_gmt":"2023-01-29T11:20:29","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1827407"},"modified":"2023-01-29T06:25:44","modified_gmt":"2023-01-29T11:25:44","slug":"intels-historic-collapse-erases-8-billion-from-market-value","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/intels-historic-collapse-erases-8-billion-from-market-value\/","title":{"rendered":"Intel\u2019s Historic Collapse Erases $8 Billion From Market Value"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fintels-historic-collapse-erases-8-billion-from-market-value%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1827407&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2023\/01\/intel-1200x801-1.jpg\" class=\"ff-og-image-inserted\" alt=\"image\"   style=\"display:none\"><\/div>\n<p><a href=\"https:\/\/www.theepochtimes.com\/t-intel\">Intel<\/a> Corp. lost $8 billion <a href=\"https:\/\/www.theepochtimes.com\/t-market\">Markt<\/a> Friday&#8217;s value surged after Wall Street was unable to believe the U.S. chipmaker&#8217;s earnings projections. This raised fears about a possible slump in the personal computer market.<\/p>\n<p>The company had predicted a surprise loss for its first quarter, and its revenue forecast was $3B less than the estimates.<\/p>\n<p>Intel shares closed lower by 6.4%, while Nvidia and Advanced Micro Devices ended the session higher by 0.3 percent and 2.8%, respectively. After its poor forecast, Intel supplier KLA Corp. closed 6.9 percent lower.<\/p>\n<p>\u201cNo words can portray or explain the historic collapse of Intel,\u201d said Rosenblatt Securities\u2019 Hans Mosesmann, who was among the 21 analysts to cut their price targets on the stock.<\/p>\n<p>The poor outlook underscored the challenges facing Chief Executive Pat Gelsinger as he tries to reestablish Intel\u2019s dominance of the sector by expanding contract manufacturing and building new factories in the United States and Europe.<\/p>\n<p>The company has been steadily losing market share to rivals like AMD, which has used contract chipmakers such as Taiwan-based TSMC to make chips that outpace Intel\u2019s technology.<\/p>\n<p>\u201cAMD\u2019s Genoa and Bergamo (data center) chips have a strong price-performance advantage compared to Intel\u2019s Sapphire Rapids processors, which should drive further AMD share gains,\u201d said Matt Wegner, analyst at YipitData.<\/p>\n<p>Analysts stated that Intel would lose even more market share if the data center market bottoms, which is expected to happen in the second half 2022.<\/p>\n<p>\u201cIt is now clear why Intel needs to cut so much cost as the company\u2019s original plans prove to be fantasy,\u201d brokerage Bernstein said.<\/p>\n<p>\u201cThe magnitude of the deterioration is stunning, and brings potential concern to the company\u2019s cash position over time.\u201d<\/p>\n<p>Intel, which intends to cut costs by $3B this year, generated $7.7B in cash from operations in its fourth quarter. It also paid dividends of $1.5B.<\/p>\n<p>Analysts suggested that the company cut its dividend because of the estimated $20 billion capital expenditure in 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Intel Corp. lost $8 billion Markt Friday&#8217;s value surged after Wall Street was unable to believe the U.S. chipmaker&#8217;s earnings projections. This raised fears about a possible slump in the personal computer market. The company had predicted a surprise loss for its first quarter, and its revenue forecast was $3B less than the estimates. Intel &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1827410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[7385,16849,9511,16848,4545],"class_list":["post-1827407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-collapse","tag-erases","tag-historic","tag-intels","tag-market"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1827407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1827407"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1827407\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1827410"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1827407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1827407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1827407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}