Re:Intel jumps 6% as it returns to profitability after two q...
by fatfingerd on Thursday July 27, 2023 @04:47PM
(#36899936)
By cost cutting measures, replacing the unrealistic dividends phase.. I have no idea why a ex-monopoly taking every action it can think of for accelerating its descent in market share would be seen positively for getting to barely profitable by steps that are no doubt sacrificing future sales.
Re:Intel jumps 6% as it returns to profitability after two q...
by atomicnumber3 on Thursday July 27, 2023 @04:56PM
(#36900055)
The market is weird.
It might have jumped because the market was pricing in a faster decline and it beat expectations, causing a correction.
It could also be because earnings reports are times of higher volatility for a stock, and people will use derivatives to make certain bets around it. And then the earnings results can cause them to take decisive action to exit those positions, which might not be happening in the spot market but the spot market can feel the ripple effects of big movements in derivatives.
Or maybe a bunch of meme investors are buying intel because it had good news and there's nothing more sophisticated than that.
The market is weird, and it's especially weird on short time scales. Let's wait a week and see where they land.
Re:Intel jumps 6% as it returns to profitability after two q...
by dwallin on Thursday July 27, 2023 @05:03PM
(#36900136)
Because much of investor behavior is (arguably rationally) not driven by business fundamentals, but how they assume other investors will act. This can lead to counterintuitive and self-fulfilling group think behavior where the metrics might drive the stock price because of an incorrect perception that others value that metric, regardless of actual sentiment.
Re:Intel jumps 6% as it returns to profitability after two q...
by rossdavidh on Thursday July 27, 2023 @06:09PM
(#36900804)
Taking devil's advocate position here:
1) dividend was not (any longer?) rational, since they needed to reinvest in production process improvements; this is therefore a good CEO decision, which gives confidence to stock owners that CEO can do what needs to be done
2) "five nodes in four years", i.e. acceleration to catch up in process capability, is said to be on track, which (if actually true) is good news
3) this was the "pain for future gain" part of Gelsinger's turnaround plan, so if they can actually make a profit even during this phase, that is good news
Not sure if I believe any of this, but that's my take on why it might be reason to buy the stock. Not that I am, in fact, actually buying the stock.
Re:Intel jumps 6% as it returns to profitability after two q...
by bratao on Thursday July 27, 2023 @04:56PM
(#36900068)
I've always been a fan of AMD, but I must admit, Intel is making some impressive strides in the Machine Learning field, especially with tools like OpenVINO. The process of converting models to ONNX and running them in an accelerated manner on Intel GPUs has become significantly easier compared to using ROCm.
If Intel continues on this trajectory, it wouldn't be a shocker to see them leapfrog AMD and give NVIDIA a run for their money.
Re:Intel jumps 6% as it returns to profitability after two q...
by bogota on Thursday July 27, 2023 @05:26PM
(#36900375)
In the last year we made a 180 from growth at all costs to profit at all costs. Would be crazy if the market just valued consistent sustainable growth but im sure some economist would tell me this is stupid
Re:Intel jumps 6% as it returns to profitability after two q...
by ac29 on Friday July 28, 2023 @10:09PM
(#36916096)
Does it have to be A310? There are a couple models of A380 available at Newegg at similar prices to what the A310 was supposedly selling for in other regions.
Re:Intel jumps 6% as it returns to profitability after two q...
by synergy20 on Thursday July 27, 2023 @05:49PM
(#36900612)
what does openvino run on that is accessible to normal developers?
amd has GPU cards for me to use and mi250 mi300 for data centers
Nvidia has more of those.
I'd like to have hardware to play with oneapi,openvino,but do not know where the hardware is
Re:Intel jumps 6% as it returns to profitability after two q...
by pjmlp on Friday July 28, 2023 @02:18AM
(#36903579)
For SYCL and DPC++ to give a NVIDIA a run for their money, they need to also at very least be Fortran and Python friendly (let alone all the other languages that target PTX), have a good graphical GPU debugger like Nsight and Visual Profiler, and tons of helper libraries for compute.
Re:Intel jumps 6% as it returns to profitability after two q...
by kakwa_ on Friday July 28, 2023 @03:19AM
(#36903912)
Honestly when I see the extremely high power consumption of Nvidia cards, I feel there are some inefficiencies and consequently an opportunity for Intel.
It remains to be seen if Intel can deliver reasonably affordable GPUs with enough hardware efficiency gains while not being too far behind Nvidia on the software tooling front.
Re:Intel jumps 6% as it returns to profitability after two q...
by brokencode on Thursday July 27, 2023 @07:43PM
(#36901570)
I think Intel’s return to success is pretty much inevitable at this point. Just look at how much money they are getting in subsidies from countries like the US and Germany. This is coming from a strong geopolitical imperative to bring advanced semiconductor manufacturing back to the West.
Re:Intel jumps 6% as it returns to profitability after two q...
by thunkshift1 on Thursday July 27, 2023 @08:20PM
(#36901807)
All semi manufacturers are getting subsidies.. tsmc and samsung have contributions measured in percentage of gdp of the respective countries. Its hard to believe they are not getting any
Re:Intel jumps 6% as it returns to profitability after two q...
by jrockway on Thursday July 27, 2023 @08:39PM
(#36901949)
Finally the government is doing something good; paying chip manufacturers so I can get paid a million dollars a year to use O(n^2) algorithms everywhere!
Re:Intel jumps 6% as it returns to profitability after two q...
by brokencode on Thursday July 27, 2023 @09:36PM
(#36902228)
Sure, I’m not saying that they won’t be successful too.
But Intel is the only Western company capable of manufacturing the most advanced semiconductors right now, and you better believe that makes them too big to fail.
Re:Intel jumps 6% as it returns to profitability after two q...
by maldev on Friday July 28, 2023 @02:41PM
(#36911294)
Does intel still have the really toxic contractor culture with a TON of h1b's? I don't see them rebounding until they get quality employees and not pay severely under market through contractors.
Re:Intel jumps 6% as it returns to profitability after two q...
by __init on Friday July 28, 2023 @09:07PM
(#36915665)
I work remotely on a small-ish research team. Almost all of my immediate colleagues are in the US or Western Europe. Most (all?) of the folks on P- and E-Core Engineering that I work with are full employees (i.e. not contractors) in the US or Israel. I'm not sure I'd know if they were H1Bs, but they're generally very knowledgeable and hardworking. From my perspective, there's little outsourcing on the core businesses (pun fully intended).
As far as comp goes, mine is competitive with Bay Area FAANG.
It might have jumped because the market was pricing in a faster decline and it beat expectations, causing a correction.
It could also be because earnings reports are times of higher volatility for a stock, and people will use derivatives to make certain bets around it. And then the earnings results can cause them to take decisive action to exit those positions, which might not be happening in the spot market but the spot market can feel the ripple effects of big movements in derivatives.
Or maybe a bunch of meme investors are buying intel because it had good news and there's nothing more sophisticated than that.
The market is weird, and it's especially weird on short time scales. Let's wait a week and see where they land.
1) dividend was not (any longer?) rational, since they needed to reinvest in production process improvements; this is therefore a good CEO decision, which gives confidence to stock owners that CEO can do what needs to be done
2) "five nodes in four years", i.e. acceleration to catch up in process capability, is said to be on track, which (if actually true) is good news
3) this was the "pain for future gain" part of Gelsinger's turnaround plan, so if they can actually make a profit even during this phase, that is good news
Not sure if I believe any of this, but that's my take on why it might be reason to buy the stock. Not that I am, in fact, actually buying the stock.
If Intel continues on this trajectory, it wouldn't be a shocker to see them leapfrog AMD and give NVIDIA a run for their money.
I'd like to have hardware to play with oneapi,openvino,but do not know where the hardware is
here is the hw requirement for oneapi
and my 12 years old core-i7 seems still can play with OneAPI, installing it right now.
It remains to be seen if Intel can deliver reasonably affordable GPUs with enough hardware efficiency gains while not being too far behind Nvidia on the software tooling front.
But they have a card to play here.
But Intel is the only Western company capable of manufacturing the most advanced semiconductors right now, and you better believe that makes them too big to fail.
But didn't they also offshore their CPU design teams?
(I work at Intel, but this is just my personal observation.)
As far as comp goes, mine is competitive with Bay Area FAANG.
Intel should tell such investors to fuck off and let those who believe in intel reap the rewards.
I’m not bullish on Intel myself though I hope they do get their act together.