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2024-08-02

Forget Intel Qualcomm will be the new king

Intel Stock Plunges 21% as Company Announces Cost-Cutting Plan to Slash Jobs, Suspend Dividend

2024-08-02

$Qualcomm(QCOM)$ I reckon it's time for Intel to step aside ladies and gentlemen we have a potential Intel destroyer #qcom $qcom

2024-08-02

$NVIDIA Corp(NVDA)$ Intel's glory days are over folks #intel time for Qualcomm to shine $qcom #qcom #qualcomm

2024-07-18

No investor I know has ever bought at the bottom and sold at the absolute peak ... just like the ocean not every wave can be surfed. Be grateful for a few solid waves.

2024-07-18

you can never buy at the bottom and sell at the top - just like swimming in the ocean be grateful for a few good waves ... you can't catch them all their peak and trough

2024-07-12

$WESTPAC BANKING CORPORATION(WBC.AU)$ safe n stable

Go to Tiger App to see more news

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In a release, Intel said it expects Q3 revenue of between $12.5 billion and $13.5 billion, well short of analysts&#39; expectations of $14.3 billion.</p><p style=\"text-align: start;\">Shares of the chipmaker plummeted 20.8% in premarket trading Friday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/44e947a6cc4e2092b7c6a819a1f99bfc\" tg-width=\"876\" tg-height=\"626\"/></p><p style=\"text-align: start;\">Intel is in the midst of a massive turnaround effort as it seeks to regain market share lost to rival AMD while working to build out its AI chip and third-party foundry businesses. All of this comes as the PC market is in the early stages of a recovery after eight consecutive quarters of declines following the explosive growth the industry experienced at the onset of the COVID-19 pandemic.</p><p style=\"text-align: start;\">The company reported earnings per share (EPS) of $0.02 on revenue of $12.8 billion. Analysts were looking for EPS of $0.10 and revenue of $12.9 billion. The company saw EPS of $0.13 on revenue of $12.9 billion in the same quarter last year, according to analyst estimates compiled by Bloomberg.</p><p style=\"text-align: start;\">The chipmaker is also expected to lay off thousands of workers in the coming days, according to Bloomberg. The company is spending billions of dollars on factories and other facilities around the world as it seeks to reclaim its share of the chip manufacturing industry, which is dominated by TSMC.</p><p style=\"text-align: start;\">Intel’s Data Center and AI segment brought in $3.05 billion in the quarter, below expectations of $3.07 billion. The Data Center and AI business offers Intel a chance to grow its revenue thanks to the massive demand for CPUs and GPUs to power AI applications. But Intel’s GPUs aren’t as in demand as Nvidia&#39;s, which are seen as the best overall chips for AI processing.</p><p>Shares of Intel are off 38% year to date versus AMD, which is down just 3.7%. Nvidia shares are up 127%.</p><p style=\"text-align: start;\">While Data Center and AI get the most attention, Intel’s Client segment, which includes sales of chips for enterprise and consumer computers, is still its largest overall business.</p><p style=\"text-align: start;\">For the quarter, Intel saw Client revenue of $7.4 billion. Wall Street was anticipating revenue of $7.5 billion. The company saw Client revenue of $6.7 billion in the same quarter last year.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel Stock Plunges 21% as Company Announces Cost-Cutting Plan to Slash Jobs, Suspend Dividend</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel Stock Plunges 21% as Company Announces Cost-Cutting Plan to Slash Jobs, Suspend Dividend\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-08-02 16:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Chip giant Intel reported its second quarter earnings after the bell on Thursday, missing on the top and bottom lines and announcing a $10 billion cost reduction plan to cut 15% of its workforce and suspend dividend payments. In a release, Intel said it expects Q3 revenue of between $12.5 billion and $13.5 billion, well short of analysts&#39; expectations of $14.3 billion.</p><p style=\"text-align: start;\">Shares of the chipmaker plummeted 20.8% in premarket trading Friday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/44e947a6cc4e2092b7c6a819a1f99bfc\" tg-width=\"876\" tg-height=\"626\"/></p><p style=\"text-align: start;\">Intel is in the midst of a massive turnaround effort as it seeks to regain market share lost to rival AMD while working to build out its AI chip and third-party foundry businesses. All of this comes as the PC market is in the early stages of a recovery after eight consecutive quarters of declines following the explosive growth the industry experienced at the onset of the COVID-19 pandemic.</p><p style=\"text-align: start;\">The company reported earnings per share (EPS) of $0.02 on revenue of $12.8 billion. Analysts were looking for EPS of $0.10 and revenue of $12.9 billion. The company saw EPS of $0.13 on revenue of $12.9 billion in the same quarter last year, according to analyst estimates compiled by Bloomberg.</p><p style=\"text-align: start;\">The chipmaker is also expected to lay off thousands of workers in the coming days, according to Bloomberg. The company is spending billions of dollars on factories and other facilities around the world as it seeks to reclaim its share of the chip manufacturing industry, which is dominated by TSMC.</p><p style=\"text-align: start;\">Intel’s Data Center and AI segment brought in $3.05 billion in the quarter, below expectations of $3.07 billion. The Data Center and AI business offers Intel a chance to grow its revenue thanks to the massive demand for CPUs and GPUs to power AI applications. But Intel’s GPUs aren’t as in demand as Nvidia&#39;s, which are seen as the best overall chips for AI processing.</p><p>Shares of Intel are off 38% year to date versus AMD, which is down just 3.7%. Nvidia shares are up 127%.</p><p style=\"text-align: start;\">While Data Center and AI get the most attention, Intel’s Client segment, which includes sales of chips for enterprise and consumer computers, is still its largest overall business.</p><p style=\"text-align: start;\">For the quarter, Intel saw Client revenue of $7.4 billion. Wall Street was anticipating revenue of $7.5 billion. The company saw Client revenue of $6.7 billion in the same quarter last year.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163695775","content_text":"Chip giant Intel reported its second quarter earnings after the bell on Thursday, missing on the top and bottom lines and announcing a $10 billion cost reduction plan to cut 15% of its workforce and suspend dividend payments. In a release, Intel said it expects Q3 revenue of between $12.5 billion and $13.5 billion, well short of analysts' expectations of $14.3 billion.Shares of the chipmaker plummeted 20.8% in premarket trading Friday.Intel is in the midst of a massive turnaround effort as it seeks to regain market share lost to rival AMD while working to build out its AI chip and third-party foundry businesses. All of this comes as the PC market is in the early stages of a recovery after eight consecutive quarters of declines following the explosive growth the industry experienced at the onset of the COVID-19 pandemic.The company reported earnings per share (EPS) of $0.02 on revenue of $12.8 billion. Analysts were looking for EPS of $0.10 and revenue of $12.9 billion. The company saw EPS of $0.13 on revenue of $12.9 billion in the same quarter last year, according to analyst estimates compiled by Bloomberg.The chipmaker is also expected to lay off thousands of workers in the coming days, according to Bloomberg. The company is spending billions of dollars on factories and other facilities around the world as it seeks to reclaim its share of the chip manufacturing industry, which is dominated by TSMC.Intel’s Data Center and AI segment brought in $3.05 billion in the quarter, below expectations of $3.07 billion. The Data Center and AI business offers Intel a chance to grow its revenue thanks to the massive demand for CPUs and GPUs to power AI applications. But Intel’s GPUs aren’t as in demand as Nvidia's, which are seen as the best overall chips for AI processing.Shares of Intel are off 38% year to date versus AMD, which is down just 3.7%. Nvidia shares are up 127%.While Data Center and AI get the most attention, Intel’s Client segment, which includes sales of chips for enterprise and consumer computers, is still its largest overall business.For the quarter, Intel saw Client revenue of $7.4 billion. Wall Street was anticipating revenue of $7.5 billion. The company saw Client revenue of $6.7 billion in the same quarter last year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":334076061356304,"gmtCreate":1722594845292,"gmtModify":1722594849056,"author":{"id":"4183717267817652","authorId":"4183717267817652","name":"fraildog","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4183717267817652","authorIdStr":"4183717267817652"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/QCOM\">$Qualcomm(QCOM)$ </a> I reckon it's time for Intel to step aside ladies and gentlemen we have a potential Intel destroyer #qcom $qcom","listText":"<a href=\"https://ttm.financial/S/QCOM\">$Qualcomm(QCOM)$ </a> I reckon it's time for Intel to step aside ladies and gentlemen we have a potential Intel destroyer #qcom $qcom","text":"$Qualcomm(QCOM)$ I reckon it's time for Intel to step aside ladies and gentlemen we have a potential Intel destroyer #qcom $qcom","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/334076061356304","isVote":1,"tweetType":1,"viewCount":338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":334075167338728,"gmtCreate":1722594754619,"gmtModify":1722604867949,"author":{"id":"4183717267817652","authorId":"4183717267817652","name":"fraildog","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4183717267817652","authorIdStr":"4183717267817652"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"0\"></v-v> Intel's glory days are over folks #intel time for&nbsp; Qualcomm to shine $qcom #qcom #qualcomm","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"0\"></v-v> Intel's glory days are over folks #intel time for&nbsp; Qualcomm to shine $qcom #qcom #qualcomm","text":"$NVIDIA Corp(NVDA)$ Intel's glory days are over folks #intel time for Qualcomm to shine $qcom #qcom #qualcomm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/334075167338728","isVote":1,"tweetType":1,"viewCount":399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328819158503712,"gmtCreate":1721303245098,"gmtModify":1721308813564,"author":{"id":"4183717267817652","authorId":"4183717267817652","name":"fraildog","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4183717267817652","authorIdStr":"4183717267817652"},"themes":[],"htmlText":"No investor I know has ever bought at the bottom and sold at the absolute peak ... just like the ocean not every wave can be surfed. Be grateful for a few solid waves.","listText":"No investor I know has ever bought at the bottom and sold at the absolute peak ... just like the ocean not every wave can be surfed. Be grateful for a few solid waves.","text":"No investor I know has ever bought at the bottom and sold at the absolute peak ... just like the ocean not every wave can be surfed. Be grateful for a few solid waves.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/328819158503712","isVote":1,"tweetType":1,"viewCount":278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328818279149744,"gmtCreate":1721303154004,"gmtModify":1721308811052,"author":{"id":"4183717267817652","authorId":"4183717267817652","name":"fraildog","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4183717267817652","authorIdStr":"4183717267817652"},"themes":[],"htmlText":"you can never buy at the bottom and sell at the top - just like swimming in the ocean be grateful for a few good waves ... you can't catch them all their peak and trough","listText":"you can never buy at the bottom and sell at the top - just like swimming in the ocean be grateful for a few good waves ... you can't catch them all their peak and trough","text":"you can never buy at the bottom and sell at the top - just like swimming in the ocean be grateful for a few good waves ... you can't catch them all their peak and trough","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/328818279149744","isVote":1,"tweetType":1,"viewCount":442,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":326670742171744,"gmtCreate":1720786963679,"gmtModify":1720792590856,"author":{"id":"4183717267817652","authorId":"4183717267817652","name":"fraildog","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4183717267817652","authorIdStr":"4183717267817652"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/WBC.AU\">$WESTPAC BANKING CORPORATION(WBC.AU)$&nbsp;</a><v-v data-views=\"1\"></v-v> safe n stable","listText":"<a href=\"https://ttm.financial/S/WBC.AU\">$WESTPAC BANKING CORPORATION(WBC.AU)$&nbsp;</a><v-v data-views=\"1\"></v-v> safe n stable","text":"$WESTPAC BANKING CORPORATION(WBC.AU)$ safe n stable","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/326670742171744","isVote":1,"tweetType":1,"viewCount":184,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":334076061356304,"gmtCreate":1722594845292,"gmtModify":1722594849056,"author":{"id":"4183717267817652","authorId":"4183717267817652","name":"fraildog","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4183717267817652","idStr":"4183717267817652"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/QCOM\">$Qualcomm(QCOM)$ </a> I reckon it's time for Intel to step aside ladies and gentlemen we have a potential Intel destroyer #qcom $qcom","listText":"<a href=\"https://ttm.financial/S/QCOM\">$Qualcomm(QCOM)$ </a> I reckon it's time for Intel to step aside ladies and gentlemen we have a potential Intel destroyer #qcom $qcom","text":"$Qualcomm(QCOM)$ I reckon it's time for Intel to step aside ladies and gentlemen we have a potential Intel destroyer #qcom $qcom","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/334076061356304","isVote":1,"tweetType":1,"viewCount":338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":334079987994648,"gmtCreate":1722595793613,"gmtModify":1722595797296,"author":{"id":"4183717267817652","authorId":"4183717267817652","name":"fraildog","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4183717267817652","idStr":"4183717267817652"},"themes":[],"htmlText":"Forget Intel Qualcomm will be the new king","listText":"Forget Intel Qualcomm will be the new king","text":"Forget Intel Qualcomm will be the new king","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/334079987994648","repostId":"1163695775","repostType":4,"repost":{"id":"1163695775","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1722585600,"share":"https://ttm.financial/m/news/1163695775?lang=&edition=fundamental","pubTime":"2024-08-02 16:00","market":"us","language":"en","title":"Intel Stock Plunges 21% as Company Announces Cost-Cutting Plan to Slash Jobs, Suspend Dividend","url":"https://stock-news.laohu8.com/highlight/detail?id=1163695775","media":"Tiger Newspress","summary":"Chip giant Intel reported its second quarter earnings after the bell on Thursday, missing on the top and bottom lines and announcing a $10 billion cost reduction plan to cut 15% of its workforce and s","content":"<html><head></head><body><p>Chip giant Intel reported its second quarter earnings after the bell on Thursday, missing on the top and bottom lines and announcing a $10 billion cost reduction plan to cut 15% of its workforce and suspend dividend payments. In a release, Intel said it expects Q3 revenue of between $12.5 billion and $13.5 billion, well short of analysts&#39; expectations of $14.3 billion.</p><p style=\"text-align: start;\">Shares of the chipmaker plummeted 20.8% in premarket trading Friday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/44e947a6cc4e2092b7c6a819a1f99bfc\" tg-width=\"876\" tg-height=\"626\"/></p><p style=\"text-align: start;\">Intel is in the midst of a massive turnaround effort as it seeks to regain market share lost to rival AMD while working to build out its AI chip and third-party foundry businesses. All of this comes as the PC market is in the early stages of a recovery after eight consecutive quarters of declines following the explosive growth the industry experienced at the onset of the COVID-19 pandemic.</p><p style=\"text-align: start;\">The company reported earnings per share (EPS) of $0.02 on revenue of $12.8 billion. Analysts were looking for EPS of $0.10 and revenue of $12.9 billion. The company saw EPS of $0.13 on revenue of $12.9 billion in the same quarter last year, according to analyst estimates compiled by Bloomberg.</p><p style=\"text-align: start;\">The chipmaker is also expected to lay off thousands of workers in the coming days, according to Bloomberg. The company is spending billions of dollars on factories and other facilities around the world as it seeks to reclaim its share of the chip manufacturing industry, which is dominated by TSMC.</p><p style=\"text-align: start;\">Intel’s Data Center and AI segment brought in $3.05 billion in the quarter, below expectations of $3.07 billion. The Data Center and AI business offers Intel a chance to grow its revenue thanks to the massive demand for CPUs and GPUs to power AI applications. But Intel’s GPUs aren’t as in demand as Nvidia&#39;s, which are seen as the best overall chips for AI processing.</p><p>Shares of Intel are off 38% year to date versus AMD, which is down just 3.7%. Nvidia shares are up 127%.</p><p style=\"text-align: start;\">While Data Center and AI get the most attention, Intel’s Client segment, which includes sales of chips for enterprise and consumer computers, is still its largest overall business.</p><p style=\"text-align: start;\">For the quarter, Intel saw Client revenue of $7.4 billion. Wall Street was anticipating revenue of $7.5 billion. The company saw Client revenue of $6.7 billion in the same quarter last year.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel Stock Plunges 21% as Company Announces Cost-Cutting Plan to Slash Jobs, Suspend Dividend</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel Stock Plunges 21% as Company Announces Cost-Cutting Plan to Slash Jobs, Suspend Dividend\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-08-02 16:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Chip giant Intel reported its second quarter earnings after the bell on Thursday, missing on the top and bottom lines and announcing a $10 billion cost reduction plan to cut 15% of its workforce and suspend dividend payments. In a release, Intel said it expects Q3 revenue of between $12.5 billion and $13.5 billion, well short of analysts&#39; expectations of $14.3 billion.</p><p style=\"text-align: start;\">Shares of the chipmaker plummeted 20.8% in premarket trading Friday.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/44e947a6cc4e2092b7c6a819a1f99bfc\" tg-width=\"876\" tg-height=\"626\"/></p><p style=\"text-align: start;\">Intel is in the midst of a massive turnaround effort as it seeks to regain market share lost to rival AMD while working to build out its AI chip and third-party foundry businesses. All of this comes as the PC market is in the early stages of a recovery after eight consecutive quarters of declines following the explosive growth the industry experienced at the onset of the COVID-19 pandemic.</p><p style=\"text-align: start;\">The company reported earnings per share (EPS) of $0.02 on revenue of $12.8 billion. Analysts were looking for EPS of $0.10 and revenue of $12.9 billion. The company saw EPS of $0.13 on revenue of $12.9 billion in the same quarter last year, according to analyst estimates compiled by Bloomberg.</p><p style=\"text-align: start;\">The chipmaker is also expected to lay off thousands of workers in the coming days, according to Bloomberg. The company is spending billions of dollars on factories and other facilities around the world as it seeks to reclaim its share of the chip manufacturing industry, which is dominated by TSMC.</p><p style=\"text-align: start;\">Intel’s Data Center and AI segment brought in $3.05 billion in the quarter, below expectations of $3.07 billion. The Data Center and AI business offers Intel a chance to grow its revenue thanks to the massive demand for CPUs and GPUs to power AI applications. But Intel’s GPUs aren’t as in demand as Nvidia&#39;s, which are seen as the best overall chips for AI processing.</p><p>Shares of Intel are off 38% year to date versus AMD, which is down just 3.7%. Nvidia shares are up 127%.</p><p style=\"text-align: start;\">While Data Center and AI get the most attention, Intel’s Client segment, which includes sales of chips for enterprise and consumer computers, is still its largest overall business.</p><p style=\"text-align: start;\">For the quarter, Intel saw Client revenue of $7.4 billion. Wall Street was anticipating revenue of $7.5 billion. The company saw Client revenue of $6.7 billion in the same quarter last year.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163695775","content_text":"Chip giant Intel reported its second quarter earnings after the bell on Thursday, missing on the top and bottom lines and announcing a $10 billion cost reduction plan to cut 15% of its workforce and suspend dividend payments. In a release, Intel said it expects Q3 revenue of between $12.5 billion and $13.5 billion, well short of analysts' expectations of $14.3 billion.Shares of the chipmaker plummeted 20.8% in premarket trading Friday.Intel is in the midst of a massive turnaround effort as it seeks to regain market share lost to rival AMD while working to build out its AI chip and third-party foundry businesses. All of this comes as the PC market is in the early stages of a recovery after eight consecutive quarters of declines following the explosive growth the industry experienced at the onset of the COVID-19 pandemic.The company reported earnings per share (EPS) of $0.02 on revenue of $12.8 billion. Analysts were looking for EPS of $0.10 and revenue of $12.9 billion. The company saw EPS of $0.13 on revenue of $12.9 billion in the same quarter last year, according to analyst estimates compiled by Bloomberg.The chipmaker is also expected to lay off thousands of workers in the coming days, according to Bloomberg. The company is spending billions of dollars on factories and other facilities around the world as it seeks to reclaim its share of the chip manufacturing industry, which is dominated by TSMC.Intel’s Data Center and AI segment brought in $3.05 billion in the quarter, below expectations of $3.07 billion. The Data Center and AI business offers Intel a chance to grow its revenue thanks to the massive demand for CPUs and GPUs to power AI applications. But Intel’s GPUs aren’t as in demand as Nvidia's, which are seen as the best overall chips for AI processing.Shares of Intel are off 38% year to date versus AMD, which is down just 3.7%. Nvidia shares are up 127%.While Data Center and AI get the most attention, Intel’s Client segment, which includes sales of chips for enterprise and consumer computers, is still its largest overall business.For the quarter, Intel saw Client revenue of $7.4 billion. Wall Street was anticipating revenue of $7.5 billion. The company saw Client revenue of $6.7 billion in the same quarter last year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":334075167338728,"gmtCreate":1722594754619,"gmtModify":1722604867949,"author":{"id":"4183717267817652","authorId":"4183717267817652","name":"fraildog","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4183717267817652","idStr":"4183717267817652"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"0\"></v-v> Intel's glory days are over folks #intel time for&nbsp; Qualcomm to shine $qcom #qcom #qualcomm","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"0\"></v-v> Intel's glory days are over folks #intel time for&nbsp; Qualcomm to shine $qcom #qcom #qualcomm","text":"$NVIDIA Corp(NVDA)$ Intel's glory days are over folks #intel time for Qualcomm to shine $qcom #qcom #qualcomm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/334075167338728","isVote":1,"tweetType":1,"viewCount":399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328819158503712,"gmtCreate":1721303245098,"gmtModify":1721308813564,"author":{"id":"4183717267817652","authorId":"4183717267817652","name":"fraildog","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4183717267817652","idStr":"4183717267817652"},"themes":[],"htmlText":"No investor I know has ever bought at the bottom and sold at the absolute peak ... just like the ocean not every wave can be surfed. Be grateful for a few solid waves.","listText":"No investor I know has ever bought at the bottom and sold at the absolute peak ... just like the ocean not every wave can be surfed. Be grateful for a few solid waves.","text":"No investor I know has ever bought at the bottom and sold at the absolute peak ... just like the ocean not every wave can be surfed. Be grateful for a few solid waves.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/328819158503712","isVote":1,"tweetType":1,"viewCount":278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328818279149744,"gmtCreate":1721303154004,"gmtModify":1721308811052,"author":{"id":"4183717267817652","authorId":"4183717267817652","name":"fraildog","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4183717267817652","idStr":"4183717267817652"},"themes":[],"htmlText":"you can never buy at the bottom and sell at the top - just like swimming in the ocean be grateful for a few good waves ... you can't catch them all their peak and trough","listText":"you can never buy at the bottom and sell at the top - just like swimming in the ocean be grateful for a few good waves ... you can't catch them all their peak and trough","text":"you can never buy at the bottom and sell at the top - just like swimming in the ocean be grateful for a few good waves ... you can't catch them all their peak and trough","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/328818279149744","isVote":1,"tweetType":1,"viewCount":442,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":326670742171744,"gmtCreate":1720786963679,"gmtModify":1720792590856,"author":{"id":"4183717267817652","authorId":"4183717267817652","name":"fraildog","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4183717267817652","idStr":"4183717267817652"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/WBC.AU\">$WESTPAC BANKING CORPORATION(WBC.AU)$&nbsp;</a><v-v data-views=\"1\"></v-v> safe n stable","listText":"<a href=\"https://ttm.financial/S/WBC.AU\">$WESTPAC BANKING CORPORATION(WBC.AU)$&nbsp;</a><v-v data-views=\"1\"></v-v> safe n stable","text":"$WESTPAC BANKING CORPORATION(WBC.AU)$ safe n stable","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/326670742171744","isVote":1,"tweetType":1,"viewCount":184,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}