The financial results which Intel announced at the beginning of August and corresponding to the second quarter of 2024, were very bad, so much so that the value of the shares fell drastically (overnight, the value of Intel fell by 39 billion dollars), reducing its market capitalization which, basically, is what the business costs, even though it’s really not like that.
Since then, all kinds of news have been published regarding the possible takeover of the company. As the Wall Street Journal said a few weeks ago, Qualcomm expressed interest in buy Intel, that the competition authorities would not authorize, as has already happened with the purchase of Arm
Right now, many companies could buy Intel because it costs half of what it did 10 months ago. But not only companies, but also individuals as is the case of Jensen Huang, CEO of NVIDIA.
Do it Jensen! I know you’re thinking about it
That would be hilarious. We all support you https://t.co/PIyyC1wDAb
October 6, 2024 • 00:22
Jensen Huang’s current net worth, divided between his cash, investments, and the value of NVIDIA stock at its current market price (he owns over 75 million shares), is $109.2 billion. . Even if since the announcement of Intel financial resultsthe stock price has increased slightly, currently having a valuation of $96.39 billion.
He would still have a little money left to “get by”. Currently, Huang is ranked number 11 on the Forbes list of the world’s richest people, currently at the top of the list. Elon Musk
A year to forget at Intel
What is clear is that Intel will continue on its path as before and, sooner or later, it will climb out of the hole it has dug itself into due to poor planning and investments made in recent years.
The company plans to sell some of its subsidiaries, has stopped construction of the chip factory of Germany and will lay off more than 15,000 employees. Currently, Intel’s stock price is below $23, less than half of its all-time high reached in late 2023, with the stock price above $50.
On October 24, Intel will launch the next generation of Arrow Lake processors for desktops, a generation that, if we pay attention to the tests that have leaked so far, will represent a significant change compared to the previous generation.
The new range of Intel processors for laptops presented a few weeks ago, it also looks very good with a autonomy far superior to the previous generation. But as they always say, it is better to wait until they hit the market and the media publishes their performance tests to check if the change is really worth it.
