Intel Suffers Worst Year Since 1971 IPO (cnbc.com)
(Tuesday December 31, 2024 @11:44AM (msmash)
from the reversal-of-fortune dept.)
- Reference: 0175808429
- News link: https://slashdot.org/story/24/12/31/1642243/intel-suffers-worst-year-since-1971-ipo
- Source link: https://www.cnbc.com/2024/12/31/silicon-valley-turn-of-fortune-intel-worst-year-broadcom-record-gain.html
Intel's market value [1]plunged 61% in 2024 , marking its worst performance since going public in 1971, while rival chipmaker Broadcom saw shares surge 111% on AI advances. Broadcom, now valued at $1.1 trillion, leverages its custom XPU chips and networking gear for major cloud providers including Google, helping companies build AI infrastructure at lower costs than Nvidia's GPUs.
Further reading : [2]Intel Weighed $20 Billion Nvidia Takeover in 2005 .
[1] https://www.cnbc.com/2024/12/31/silicon-valley-turn-of-fortune-intel-worst-year-broadcom-record-gain.html
[2] https://slashdot.org/story/24/10/24/1143253/intel-weighed-20-billion-nvidia-takeover-in-2005
Further reading : [2]Intel Weighed $20 Billion Nvidia Takeover in 2005 .
[1] https://www.cnbc.com/2024/12/31/silicon-valley-turn-of-fortune-intel-worst-year-broadcom-record-gain.html
[2] https://slashdot.org/story/24/10/24/1143253/intel-weighed-20-billion-nvidia-takeover-in-2005