Liberal Forum

Oh man.  I bet WASH DC is fisting and sky screaming today.   

Intel just lost 24 BILLION in revenue.  Its value has plummeted. Layoffs could reach 20,000 in the US...mainly *** northwesties.
It was ALREADY a company propped up DC SOCIALISM.  Just like all MIC companies.

And the kicker that CANNOT be stopped  >>>>  Markets are fleeing to the East.  
50% of the worlds population is within 2,000 miles of China.

Its a new world.....buckle up.  

https://youtu.be/6d2CJrodL98
 

Damn....

Nvidia Tumbles After Reports of Chip Delay
The A.I. chip maker’s shares fell in early trading, but the stock pared some of its losses.

Nvidia down 23% in just a few weeks  

https://www.nytimes.com/2024/08/05/busi ... tocks.html

Chip Sector under Fire:
DOJ Probes Nvidia, Big Intel Layoff
mg:  
August 2, 2024

Intel’s stock in particular has taken a beating after reporting disappointing earnings.
Shares, which had topped this month at nearly $35, are at $21 as of this writing,
the lowest price in nearly 12 years.
 

Intel also announced employee layoffs totaling 15,000, 15 percent of its workforce.  

https://insidehpc.com/2024/08/chip-sect ... el-layoff/
 

Intel hit with lawsuit over $32 billion loss, shareholders complain company hid problems

Holy ****

https://www.tomshardware.com/tech-indus ... d-problems

Thanks bidenomics