Market value decreased by $39 billion
Intel’s shares are approx. It fell by 30%, reducing the company’s market value by $39 billion. Market value of the company before the results are announced $131 billion It was around. Intel has lost half of its market value since the beginning of the year. As of now, Intel’s market cap is well below Nvidia’s and Less than half of AMD’s value in case.
Fighting tough opponents
Intel is currently struggling with a multitude of competitors. On the one hand, it competes with AMD, Nvidia, and now Qualcomm in the consumer PC market. While Intel is ahead of its rivals in this market, Nvidia’s gaming business appears to be more profitable.
On the other hand, the company competes with AMD, Nvidia and Arm chips in the data center space. Nvidia’s very popular AI GPUs thanks to Nvidia outperforms AMD and Intel by approximately 3.3x combined. On the other hand, Intel, which is struggling with TSMC in chip production, is struggling to catch up with its rival in the field of production technology.
The chip giant, which has made major investments in chip production and has ambitious targets, plans to catch up with TSMC by increasing its production volume and to produce not only for itself but also for other companies. However, it will not be easy to catch up with TSMC, which has proven itself in high-end chip production and produces for many technology giants with its large production volume.
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