Intel stock collapse worsens as $3.5T chip rout spreads(finance.yahoo.com)
213 points by entryleveljobsc 12 hours ago | 189 comments
tl;dr: Chip stocks shed over $400 billion Monday, with Intel falling another 9% following its 29% crash on Oct. 30 — leaving it worth less than half its late-September value. Memory and storage names (Micron, Sandisk, Seagate, WDC) dropped 6-8%, and Marvell slid after announcing a $115 billion deal to buy Lumentum, while Nvidia held up relatively well. Overall, chip and memory stocks have lost roughly $3.7 trillion in market cap since Oct. 6, though some analysts believe last week's sell-off marked a bottom.
HN Discussion:
  • ↓The 'collapse' framing is overblown; this is minor volatility compared to yearly gains
  • ↓Intel is too strategically important to fail; government or reality will backstop it
  • ↑Intel's decline is real and deserved due to lost engineering culture and leadership in all segments
  • ~The sell-off is temporary, driven by earnings timing and election-related market jitters
  • •Questions why Nvidia isn't falling as hard, suggesting Intel-specific issues beyond the broader rout