amd and nvidia have been eating intel’s lunch.
“US Stocks Drop as Economic Concerns Mount
The three major US indices erased their previous session gains to close sharply lower on Thursday, with the S&P 500 declining 1.4%, the Nasdaq dropping 2.3%, and the Dow Jones sinking 500 points as fresh data raised concerns about the economy’s health. The ISM Manufacturing PMI revealed a larger-than-expected contraction in the manufacturing sector, marking the deepest decline in eight months, while employment levels fell to 2020 lows. Initial jobless claims rose to 249K, the highest in a year, and labor costs increased at half the market’s predicted rate for Q2, despite productivity improvements. The Federal Reserve hinted at an impending reduction in borrowing costs.
In contrast, Meta shares rose 4.8% after posting better-than-expected second-quarter results and optimistic guidance, while Qualcomm fell 9.4% amid warnings about trade restrictions. Nvidia also struggled, losing 6.7%. Apple, Amazon, and Intel are set to report their quarterly results today after the market closes.”
I’m still half-way convinced the Democrats will see the writing on the wall in regards to the economy, realize their lies aren’t going to work much longer, and dump the entire thing in Trump and the GOP’s lap.
We will then see headlines such as “Trump’s economy continues to worse; Do voters have buyer’s remorse”?, as they ignore the Biden policies that have brought us to this point.
Don’t forget TSMC.
At least Gelsinger was able to afford to not only go to Davos, but to be a speaker so he could share the secrets of running a successful company with the other ruling elites.
>>>amd and nvidia have been eating intel’s lunch.
Nuttin’ on Intel’s R&D blackboard? Just means poorly run company!
Also, the failure of Optane was probably a dead end of biblical proportions. I was watching a video about that just yesterday.