The financial results that Intel announced in early August and corresponding to the second quarter of 2024, were very bad, so bad that the value of the shares fell drastically (overnight, the value of Intel fell by $39 billion), reducing its market capitalization which, basically, is what the company costs, although it really is not like that.
Since then, all kinds of news have been published about the possible purchase of the company. As the Wall Street Journal stated a few weeks ago, Qualcomm has shown interest in buy Intel, which the competition authorities would not authorize as already happened with the purchase of Arm on the part of NVIDIA.
Right now, there are many companies that could get Intel, since it costs half what it did 10 months ago. But, not only companies, but also individuals as is the case of Jensen Huang, the CEO of NVIDIA.
Do it Jensen! I know you’re thinking about it
It’d be hilarious. We all support you https://t.co/PIyyC1wDAb
October 6, 2024 • 00:22
Jensen Huang’s current net worth, divided between cash, the investments he has and the value of NVIDIA shares at the price they are currently on the market (he has more than 75 million shares) is $109.2 billion. Although since the announcement of the Intel financial resultsthe share price has risen slightly, currently having a valuation of $96.39 billion.
He would still have a little money left over to “get by.” Currently, Huang is ranked 11th on Forbes’ list of the richest people in the world, currently topped by Elon Musk (X (Twitter), Tesla, Space X among others) and Larry Ellison (CEO and Founder of Oracle). Precisely, both Musk and Ellison are two of NVIDIA’s main clients.
A year to forget at Intel
What is clear is that Intel is going to continue its path as before and, sooner or later, it will get out of the hole in which it has gotten itself into due to the poor planning and investment it has made in recent years.
The company plans to sell some of its subsidiaries, has halted the construction of the chip factory of Germany and will lay off more than 15,000 employees. Currently, Intel’s share price is below $23, less than half of its all-time high reached in late 2023, with a share price above $50.
On October 24, Intel will launch the new generation of Arrow Lake processors for desktop computers, a generation that, if we pay attention to the tests that have been leaked so far, will represent an important change with respect to the previous generation.
The new range of Intel processors for laptops presented a few weeks ago, it also looks very good with a autonomy much superior to the previous generation. But as we always say, it is best to wait for them to hit the market and the media to publish their performance tests to check if the change is really worth it.
