Intel cuts CEO pay by 25% as a chip glut wipes out profits—and even middle managers will take a salary hit

U.S. chipmaker Intel Corporation is cutting pay across its workforce days after the company shocked Wall Street with below-expectations revenue and a forecasted loss for the current quarter. Intel CEO...

Chip glut batters semiconductor industry as Intel shares lose almost all their 2023 gains after dismal earnings

The cooling of the semiconductor market is happening faster—and proving colder—than companies might have expected, as chip firms across the board face a tougher market due to a combination of excess i...

The bright side of the chip glut: Nvidia, AMD and Intel gaming cards are cheap and very available for Christmas

Plenty of gamers have woken up on Christmas morning in the past two years feeling disappointed that there wasn’t a gaming card under the tree — the gear was too often unavailable, or selling for much ...

WDC Stock: Western Digital, Micron, Nvidia Fall On Chip Glut Amid Recession Fears

Shares in flash memory chipmaker Western Digital (WDC) tumbled on Thursday after Goldman Sachs downgraded the company to sell, dragging down Micron Technology (MU) as well. And while shares in MU and ...

Qualcomm stock drops more than 7% after poor outlook, months-long chip glut

Qualcomm Inc. shares fell in the extended session Wednesday following the chip maker’s poor outlook, and estimates of about two months or more of inventory it needs to clear in its core business. Qual...

A Huge Glut of Bitcoin Mining Rigs Is Sitting Unused in Boxes

Last year, miners struggled to buy enough rigs. Manufacturers couldn’t fulfill orders fast enough. Now, Matt Schultz, executive chairman of bitcoin miner CleanSpark (CLSK), figures 250,000 to 500,000 ...

Retail Inventory Glut Is About To Get Ugly

Retail Inventory Glut Is About To Get Ugly getty The retail industry kicked off the crucial fourth quarter of 2022 weighed down by the same inventory imbalance that greeted it in the first quarter, wi...

Nike’s Inventory Glut Sends Stock Down the Most in 20 Years

(Bloomberg) — Nike Inc. shares tumbled the most in more than two decades after a glut of unwanted merchandise eroded the sportswear giant’s profitability. Most Read from Bloomberg North American...

Chip Glut Leaves Intel a Little Too Cheap

By MARK SEBASTIAN Sep 07, 2022 | 02:37 PM EDT Stocks quotes in this article: INTC The chip sector has been getting destroyed … and for good reason. The U.S., putting the clamps down on who can s...

Glut of Goods at Target, Walmart Is a Boon for Liquidators

The excess inventory piling up at large retailers such as Target and Walmart is proving a boon for liquidators and other companies that help dispose of the oversupply. Liquidity Services Xcess Limited...

Walmart says reducing inventory glut will take ‘couple quarters’

Walmart Inc. said it needs another two quarters or so to work through an inventory surge that prompted markdowns and contributed to last month’s steep stock decline. About a fifth of the 32% jump in i...

Boston Beer Fell Flat on a Hard Seltzer Glut. Its Stock Is Now a Buy.

After an initial pop in hard-selzer demand during the pandemic, Boston Beer found itself with an unforeseen oversupply of Truly. Dreamstime Text size Hard seltzer proved to be a bubble that few brewer...