In an unexpected turn of events, the downturn extended to server manufacturers
unexpected? servers are computers full of RAM
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Fantasy money vanishes, more at 11.
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Huh.
in August, [the US government spent] $8.9 billion for a nearly 10% share of Intel, converted out of CHIPS Act grant money. Today, the federal government is Intel’s largest single shareholder.
Wonder what that 8.9 billion is worth now...
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Wall Street spent years pricing every chip company as if humanity would soon need a GPU to make toast. Then Intel mentions that people aren’t buying overpriced PCs, and a trillion dollars evaporates. Apparently the most advanced semiconductor technology on Earth still can’t manufacture realistic expectations.
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It's starting to pop?
Beautiful.
Lol
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