While the past few years have not been kind to Intel, the recent weeks have been notable for their particular brutality.
While the past few years have not been kind to Intel, the recent weeks have been notable for their particular brutality as the erstwhile giant of the silicon sphere suffered one setback after the other. The end result: Intel is now worth as much as a non-profit.
It’s wild that Intel’s valuation is similar to that of OpenAI.
The AI Investor (@The_AI_Investor) August 8, 2024
It’s wild that Intel’s valuation is similar to that of OpenAI.
— The AI Investor (@The_AI_Investor) August 8, 2024
To wit, OpenAI concluded its latest funding round back in February 2024, which valued the non-profit at $80 billion. Today, Intel shares closed with a market cap of $81.19 billion, roughly equal to the valuation of the AI-focused startup.
As we noted last week, Intel took a ferocious beating in the stock market when it reported broadly negative results relative to the consensus expectations for the second quarter of 2024.
