this post was submitted on 07 Oct 2024
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Fear mongering articles making it seem like they are doomed and will go bankrupt after bad quarterly results were announced. Articles were probably sponsored by rich people wanting to buy Intel stock for cheap. But they won't go bankrupt because the US gov./army need Intel to stay relevant against China, and Intel is basically the only American company that both designs and fabs their own processors and that is still relevant.
thirty times???
Yup. I wager the vast majority of that is AI hype. Nvidia is the king there and in datacenter GPU compute in general, and investors are betting that Nvidia will continue to dominate and that market will continue to be relevant and grow.
I have my doubts, but as a famous economist once said:
So I'm not putting my money where my mouth is just yet.
That is an excelent quote.
That's never stopped anyone from going bankrupt and wiping out shareholders. If the tech is that critical, the US government might engineer a bailout of the company, but will make the shares worthless in the process.
They did it with GM and Chrysler in 2009, they did it with Iridium in 2000.