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...
Tag: glut
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 ...
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...
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...
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...