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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (59558)	8/2/2024 2:14:27 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69822

As far as I can tell the INTC earnings and the 15 percent staff cut is admitting defeat for their current strategy. Their server and AI chip sales is currently indicating they are not a player in the sector. They CPU chips for PC is running into QCOM PC/AI offering and I do not know how competitive their chips are against AMD. Even if they were the king of the sector it would be the king of a weak and contracting modestly sector. They appear to be moving to fab focused model for other fabless chip companies, but that puts them up against TSM and Samsung in a high cost production economy. I am not sure they will be the most competitive. They messed up the 5 nm migration and had to scrap the fab. The can not afford to mess up the 2 nm migration of they are toast. A lot riding on these new fabs and it looks like a multi-year transition without on products to drive the traditional businesses. It looks like they are down 20 percent in the overnight market. If it hold they have not seen this level since 2010 with the lowest of the 2000 tech bust being in the teens.