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Full Version: US's Intel chip-maker fires 15,000 workers and lost 26% stock value
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The REAL background is the growing concern the AI-surge balloon may have popped not unlike the NasDaq Dot-Com burst of after 2000. 

End of the Day - AI can only do so much IF you can dominate the market...Big Grin

Nvidia dropped almost 2 per cent, with the dominant seller of AI processors down over 20 per cent from its record high close on June 18. Heightened worries about a recession, along with quarterly reports from Amazon and Alphabet that failed to impress Wall Street, have fueled doubts about the future pace of investment in AI, said Ross Mayfield, an investment strategy analyst at Baird. "There's a broader question of whether this AI capex can continue basically vertical or exponential growth, especially if the macro backdrop is softening..."
Did the US gov anger with Intel chip in Huawei laptop let to this rapid lost of value in Intel stock ? Big Grin

Hmmmmm

https://www.channelnewsasia.com/business...ry-4262536
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 Why it's good for Singapore?

Do you know?
Assmerica, huat ah!  Laughing
(06-08-2024, 01:31 AM)Scythian Wrote: [ -> ] Why it's good for Singapore?
Do you know?

I only know Intel's flop has nothing to do with SG or SGreans.

Please learn to suck that up. Big Grin