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Intel hit with lawsuit over $32 billion loss, shareholders complain company hid problems
(www.tomshardware.com)
Ah finally, some good fucking ~~food~~ news
this post was submitted on 09 Aug 2024
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Can't speak for the legal validity of this suit, but anyone who bought Intel shares in 2024 (or even 2023) and was surprised by recent developments in the company didn't do their homework.
What homework! Are you referring to when Intel said it was the fault of their partners? Or was it when they said it was customers fault for overclocking their processors? Maybe the teflon media statements? Either way. Intel operated yet again fraudulently.
I was refering to the overall challenge of competing with a significant node disadvantage, competition from ARM, the challenges of entering the GPU space and the enormous difficulty of their IDM 2.0 strategy.
These initiatives represent would be difficult for any company/management team.
Intel's stock is currently trading at nearly the same price it did 20 years ago
I would say this is good time to buy intel stock. But I am no expert when it comes to investing.
With their current position, you don't need to be an industry insider or work in the semiconductor industry to see that they've been in a tough spot for a while and that it will take many years for them to turnaround their business. Just my opinion.
For a long term investment, I'd say it's a good time to buy. Years back I bought a bunch of AMD stock when they were around 2 or 3 bucks a share and everyone was talking about how AMD is going to go under, some 10 years later it's now sitting at 130/share
Intel is much bigger than AMD, so i'd say the likelihood of them pulling off a similar recovery in the years ahead is pretty high
id agree only because its on the list of companies the government would pay to keep alive due to how vital they are. so if there was any time to buy it, it would be to buy it low because its probably not going to completely go away.