by Intel lost $8 billion in market value on Friday after disclosing a disappointing fourth-quarter 2022 earnings report and forecasting that the first quarter of 2023 could be even worse. Intel shares fell 6.4%, with a market value of $116.2 billion at the close, while rival AMD rose slightly by 0.3%, with a market value of $121.6 billion, while Nvidia rose 2.8%. Compared with Intel’s Sapphire Rapids, AMD’s data center processors Genoa and Bergamo have significant price-performance advantages, and are expected to further eat into Intel’s data center market share. Intel’s earnings report raised concerns about a recession in the PC market.
https://slashdot.org/story/23/01/27/2218215/intels-historic-collapse-erases-8-billion-from-market-value
