I tried to warn poor Sleepy... AMD dropped a cool 40% in the months after this conversation.
And this morning we get more horrible news from another chip behemoth:
Samsung loses billions on chips as overall profits decline 95 percent
Weak demand meant the world’s largest memory chipmaker saw a $3.4 billion loss from its semiconductor business.
A few different factors contributed to Samsung’s losses at its memory chip division. Smartphone and PC makers stockpiled chips during the pandemic as a hedge against supply issues as demand boomed, but have since been left with large inventory excesses as consumer demand has dropped off amidst high inflation and broader global economic uncertainties.