But, another way to look at it is, Intel improved not only in operating profit/loss, but also revenue from Q1 to Q2. TSMC?View attachment 1321
Operating Profit/Loss in 2nd Quarter 2023:
- TSMC operating profit: US$6.58 billion
- Intel: 5th straight operating loss: (US$1.02 billion)
- Samsung chip division: 2nd straight operating loss: (₩4.36 trillion) (US$3.32 billion)
I'm up almost 50% on my Intel investment, while TSMC is down, so I'm not complaining. And this is verifiable, since I was saying I was long on Intel months ago, when they were well under $30. Snapshots like this aren't meaningless, but they also don't mean all that much when a company is pivoting, and essentially entering a new, and extremely expensive, market.
Even so, Intel is doing poorly, just not as poorly. I also found it a little ironic that when Intel cut their dividend, they were saying they can't invest all this money and being paying such a high dividend percentage. The only reason that percentage was high was because the stock price collapsed! The payout percentage wasn't high until that happened, so Pat is a bit slick. Ok, a lot slick.
Their revenue is what concerns me the most. Yeah, it's up Q to Q, and higher than expected, and they are guiding up for Q3. But, they're still down from Q2 2022, which was down from Q2 2021, and both by a considerable degree. So, it's better than expected, yeah, and they're out of the bottom, but things are still far from rosy. Even so, the stock is still priced to reflect that.