AMD passes Intel in market cap

by HieronymusBosch on 7/29/2022, 9:15 PM with 24 comments
  • by SilverBirch on 7/29/2022, 10:05 PM

    This is absolutely crazy, I was at Intel back in 2016 and I knew that the company was in deep trouble but somehow continued to just truck along with (what I assume was) tricks to juice the share price. The markets Intel are in are very sticky, it's not a matter of "stick a different chip in it", there's whole software, support, supply chain, issues that make it very difficult to move.

    I really wonder if Intel is still a coherent company any more. Every time they hit up the US gov for more money I think that they've lost their minds. I could easily see them forced to split out the foundry business from the fabless IP for CPUs and then having to compete. Difficult to see how either of those businesses survive as-is though - neither is market leading, and a nascent GPU offering isn't going to help.

    Everything I've heard is Gelsinger is the person they need, but I think it's likely way too late, he'll be forced into financial engineering or quitting soon.

  • by 0xy on 7/29/2022, 10:19 PM

    This is a testament to the vision, strategy and execution by Lisa Su - probably the world's best female CEO and one of the best CEOs in general.

    The seeds for this success were planted nearly a decade ago, and Intel mocked them relentlessly at the time for going down this path.

    It also goes to show that you need an engineer in charge to be successful in the semi business. A pencil-pushing finance guy will torpedo your company long term in exchange for short term number juicing.

  • by freeqaz on 7/29/2022, 9:23 PM

    It's pretty crazy to see this day! I was just browsing Reddit and I saw there are now rumors that the next gen AMD chip will beat Intel in Single-Threaded performance[0], which is amazing to see.

    I know that, at the end of the day, the magic is really because of TSMC (same with Apple), but it still makes me happy that Intel is getting some real competition after so many years of being complacent. It's good for consumers!

    0: https://videocardz.com/newz/amd-ryzen-5-7600x-6-core-raphael...

  • by kart23 on 7/30/2022, 3:14 AM

    I’d buy intel right now honestly. their pe is 7.8, compared with AMDs 35. Intel is still investing in production capability and adding jobs. unless you believe intel is literally a dead company that PE makes no sense.

  • by jacooper on 7/30/2022, 1:31 AM

    Absolutely unbelievable. What an achievement for AMD.

  • by therealbilly on 7/30/2022, 1:46 PM

    Not known to the public but China has invested quite a bit in AMD.

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