So Intel (Nasdaq: INTC) is the biggest chip train wreck of probably the last 10 years. And that’s a train wreck in an industry where you could almost not have it. It’s almost impossible to screw things up in the chip market right now.
Intel decided for whatever reason to stick to the PC chip market, that they did not look toward the future and say that the future is going to be in mobile devices. And then eventually in graphics chips that could be developed into powering AI.
So you had winners like NVIDIA and AMD (Nasdaq: AMD). Now Intel is in enough trouble that another tech company, Qualcomm (Nasdaq: QCOM) is looking at buying it. Stock goes up, people get all excited. But what’s the news there? There’s a bit of news people should know.
This post appeared first on 24/7 Wall St.