anonymous2 (anonymous2.delete@this.example.com) on July 29, 2022 5:47 pm wrote:
> https://www.cnbc.com/2022/07/29/amd-passes-intel-in-market-cap.html



It appears that Intel has used an accounting trick to make its losses look smaller, but in reality the losses have been double:

"In the quarter ended in June, which we expect to be a very good one for AMD and Nvidia, Intel did not do so good. Revenues were down just a smidgen under 22 percent to $15.32 billion, gross margins were off 50.1 percent to $5.58 billion, and even with a $455 million benefit from taxes that Intel was keeping in its back pocket for a rainy day it posted a $454 million net loss. This is real red ink, and if it didn’t have that benefit and it had to pay some taxes, it could have easily been over $1 billion in losses."



https://www.nextplatform.com/2022/07/29/intel-let-the-chips-fall-where-they-might/