When I had to flash my BIOS and pray that it didn't brick my PC I cursed them, saying "Fuck Intel, I hope their stock plummets!"
You're welcome everyone.
this post was submitted on 02 Aug 2024
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can you do reddit next please
Tiktok afterwards please.
Then all oil companies
Let's do these before everything else
Then we move on to private equity firms
Alright, alright. This is getting out of hand.
We need to make a list and then do like a reverse Kantian calculus to figure out which ones are doing the most harm and start from the top in descending order.
Nice to just imagine that this was backlash to the inhumanity of the constant layoffs. It's not, but would be nice.
Nope. It's the bad financial results, news of defective CPUs, and most crucially, Intel announcing they're going to stop paying out dividends that have done this.
If anything, investors seem to love mass layoffs, unfortunately.
Burst layoffs to polish up earnings reports are "fine" (in terms of stocks), but hemorrhaging workers when your company is already in hot water for product quality complaints smells of "We're really desperate to make our reports not look devastating". From a stupid monkey brain point of view, it sounds like they're throwing sailors overboard to avoid sinking and I wouldn't want to be a passenger and risk being next, so I'd try to sell what shares I have before they're worthless.
I don't know what heuristics professional traders go with, but I imagine they would follow a more complex and nuanced logic along those same lines. Either way, if enough people do that, it compounds.
These fucking idiots. All they had to do was pretend they gave a fuck about the chip debacle and play everything slowly. They couldn't even do that. They couldn't even pretend to give a fuck about anyone. Neither their customers nor their employees.
If they replaced the C-suite with the custodial staff, they would be in a significantly better position than they are now. Executives are always dumb as fuck, with very few exceptions. Pre-requisites for the job: narcisism, sociopathy and idiocy.
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It certainly doesn't help Intel has been intentionally selling defective product in the 13th and 14th gen lines. People are quite reasonably going to AMD more and more.
Does AMD have anything to compete with Intel QSV? I'm looking to upgrade my Plex server and was looking at a newer Intel CPU.
The latest AMD cpus do have transcoding, but Amd transcode isn't very good and isn't very compatible with Linux.
You can pick up an Intel A310 single slot GPU for $100 and it has AV1 encode, which is something that the igpu QSV doesn't have. Works very well in my Epyc motherboard with 76 pcie lanes. I definitely recommend going with an ATX 1st gen Epyc cpu+motherboard if you want something that can do NVMe raid.
Amd transcode isn’t very good and isn’t very compatible with Linux
It's compatible just fine. But the quality... well, it's not the worst, but definitely not the best quality.
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It's not everyday that I'm thankful that grandma didn't leave me $700,000 but today is one of those days
Fucking good! I know it's not the primary reason, but it's by high time that people see laying off 15k people as a bad thing and the company suffering for it.
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They also announced they are going to stop paying stock dividends starting Q4.
Back in ye olden days, you used to buy a stock largely due to its ability to regularly pay you back a dividend, as a more conventional kind of investment, before the more modern idea of 'buy low sell high' became the most prevalent investment strategy / market dynamic.
I've always thought that stocks have to pay dividents, like that's the whole point of having it? I.e you get paid by the company regularly some of their profit, based on how much stock you have.
Does this mean that the only way how to make money from their stock now is to sell them to someone else? But then, it has nothing to do with the actual company and money they make, but you are paid by someone totally unrelated - the guy who buys the stock from you. I don't get it, I suppose I'm missing something.
Most stocks dont offer a dividend.
At least for the US, yes you are correct that this was the conventional logic that governed the average joe's investment into a stock, up until... roughly the 60s or 70s.
I am not going to write a dissertation on the history of American financial investment, but yeah nowadays, the way you invest in the stock market is ... you buy a stock, hope that its value increases by more than inflation, and then sell it later for what is called a capital gain, ie, profit from the difference between the price you bought vs the price you sold.
So yes, your the second half of your post is correct:
You buy Stock A for 100 from Some Guy 1, then later you hope to be able to sell Stock A to Some Guy 2 for 150.
The specifics of this can easily get absurdly complicated with exceptionally complex and advanced math and mountains of rules and regulations, but basically, what still holds true is this:
Literally a goldfish swimming to the left or right side of a tank to indicate what stocks should be bought or sold, this outperforms the average financial 'wizard' on wall street making your investment decisions.
BUT, basically at no time in the past 20 or 30 years has putting your money into a bank's savings account to earn interest managed to beat the inflation rate, so if you want a chance to actually be rewarded for setting aside money, you put it into stocks, a mutual fund, an index fund, and well if you ever need to pull some cash out for an emergency, you get fucked by fees.
What you really do is buy real estate. But you have to already have a good deal of money to do that.
Isn't capitalism fun?
I see, stonks are way more bullshit than I thought. Is there anything else you can do with your stock, other than sell it to someone else? I always thought that crypto is such a scam especially because in the end, it has no value in itself, and the only thing you can do with it is sell it to someone else. If noone wants to buy it, well, you are fucked. Does it mean that stocks are exactly the same concept? I always thought it has something to do with the vaule of the company and the profits it earns, but if there is no way how to cash them out other than selling your piece of paper to someone, then it's really the same? I suppose that unlike crypto, the stock price increases if the company is turning profit, but you still have to find someone to sell it to, right, so the price is increasing only because the demand from people willing to buy it is increasing due to it turning profit, but it's not really tied to the actual value of the company, so it's exactly like crypto? Or is the price set by some different mechanism than crypto is - pure demand from people willing to buy?
Is there anything else you can do with your stock, other than sell it to someone else?
This is where it starts to get complicated.
You can promise to sell you stock by a certain date in the future to someone, at a price the two of you agree upon now.
If the actual price of the stock goes below the previously agreed price, by that deadline, well then you probably gained money.
If the actual price of the stock goes above the previously agreed price by the previously agreed date, you probably lost money.
This gets even more complicated when you take out a loan to buy a stock, and then do the above.
Theres a whole lot more. Check out investopedia.
I always thought that crypto is such a scam especially because in the end, it has no value in itself, and the only thing you can do with it is sell it to someone else. If noone wants to buy it, well, you are fucked. Does it mean that stocks are exactly the same concept?
Its the same in that both crypto and stocks can crater to zero if there are no buyers.
It is different in that crypto, as you say, is completely digital and nontangible, whereas most businesses on a stock exchange have at least a basis for their stock valuation in real world assets, products, services, revenue flows, profit margins and such.
Basically, what is more likely to go completely tits up?
A random NFT scheme?
A brand new start up IPO?
A long established industry giant?
Probably the 1st then 2nd then 3rd.
Or is the price set by some different mechanism than crypto is - pure demand from people willing to buy?
Ultimately they are both markets, which have prices ultimately determined by what people feel is a fair price.
Both involve projecting possible rise or fall in the value of the asset (stock vs crypto coin), but in the case of crypto, there is usually 0 actual underlying fundamentals, there is no business model beyond 'if we all invest in this it will be worth more money', which works until the price goes high enough that usually the person or group that invented the crypto sells all of their crypto. This causes panic and everyone else sells off for much less.
Functionally, that means a whole bunch of people lost money, and the originators made a whole bunch of money.
A pump and dump scheme, its usually extremely illegal.
Crypto bros kept acting like the laws governing finance did not apply to them.
Turns out, the laws do apply to them, and even as bullshit as the stock market is for the average joe, basically the entire crypto sphere collapsed in 6 months after it turned out that they were basically all cooking their accounting books and doing all kinds of fraud.
While the stock market is largely bullshit in many ways, it is at least regulated to prevent many different kinds of financial fraud, while the crypto sphere is almost entirely comprised of con artists and their suckers.
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Intel should merge with Boeing
They share (or shared) a building in STL, so that would be an easy merge there.
And people will continue to buy the 14900k and have the shocked pikachu face.
After how horribly they handled the whole hardware defect scandal with their 13th and 14th gen i Series processors, this is 100% deserved.
Intel is a cautionary tale of what happens when you allow bean counters who care more about EBITDA than their customers and staff to run the show.
This sounds like a modern day version of the Schlitz mistake back in the seventies where they cut the quality so much, so fast, that the formerly largest brewery in America became a worthless brand that nobody trusted.
The b-school lesson from this was to drop the quality of your product more slowly so people wouldn't notice.
I figured no big company would ever suffer consequences from shitty product ever again because they'd figured out the drip instead of the open floodgates.
I hope more companies get to enjoy this fate, especially food producers.
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Oops that's where we (US government) invested 9 billion under the chips act.
How many layoffs in the US?
And some moron on Wallstreetbets just invested his $700k inheritance in shares yesterday. He's -200k rn
The stock market is the least stupid way to be addicted to gambling but it’s still one of the dumber addictions to develop.
Brutal, nearly the lowest since 2008. Makes me want to buy in at this point.
Edit: I bought a few shares, so now they're sure to go bankrupt by tomorrow.
Edit 2: ayyy did I actually catch a falling knife for once? It's still going up after hours.
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