Robert Hart is a senior reporter for Forbes covering science, technology and health with a frequent focus on artificial intelligence, space, weight loss drugs and emerging technologies. He joined Forbes in 2020 and is based in London. Rob has covered everything from the billionaire space race, the health impacts of overturning Roe v.
‘Switch 2’ Hype Builds As Nintendo Reports Sluggish Sales Of Geriatric Flagship Console—Here’s What We Know About The Switch’s Successor
Trump Gag Orders: Here’s Everything The Ex-President Can’t Say In The Cases Against Him As Appeals Court Upholds OrderIntel is on track to erase more than $30 billion in market value in one of its worst days since going public decades ago, part of a broader selloff as tech titans release lackluster earnings reports amid growing investor skepticism as to whether big tech’s hefty investments in AI can pay off.
If losses hold until the bell, Intel will be worth just a fraction of the market value of semiconductor rivals it has fought with and bested for decades before falling behind in recent years. As it stands today, Intel would be worth less than 5% of chipmaking behemoth Nvidia and less than half—around 40%—of Advanced Micro Devices , which have market values of around $2.5 trillion and $216 billion, respectively.For decades, Intel has been one of the most important companies in the United States and for a long time it was the country's biggest and most valuable chip company.
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