Jmach101
1 week ago
"Prices for Intel’s Arc B580 are already shooting through the roof" article in Yahoo finance.
Prices for Intel’s Arc B580 are already shooting through the roof
Jacob Roach
Fri, December 13, 2024 at 10:07 AM EST·3 min read
Intel just launched its new $249 Arc B580 graphics card, and as you can read in our Intel Arc B580 review, it’s one of the best graphics cards you can buy. It seems PC gamers have gotten the memo, as most models of the card are sold out online. If you want to get one now, you’ll have to spend close to double the list price.
Looking at online retailers, it looks like Newegg has the most models listed for sale, though almost all of them are sold out. The only models available come from Gunnir, and they’re both very expensive. The Arc B580 Index is listed for $379, while the Arc B580 Photon is listed for $429. Both are sold by third-party sellers — they aren’t sold and shipped by Newegg — so I wouldn’t recommend spending up for one of these cards.
The other models listed for sale are much more reasonable, but they’re all out of stock. Here are the prices and when Newegg says the GPUs will be back in stock:
Intel Arc B580 Limited Edition — $250 (ETA: 1/3/25)
ASRock Challenger Arc B580 — $260 (ETA: 1/3/25)
ASRock Steel Legend Arc B580 — $270 (ETA: 1/3/25)
Sparkle Arc B580 Titan OC — $270 (No ETA)
Acer Nitro Arc B580 — $280 (ETA: 12/20/24)
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It’s worth checking in with online retailers throughout the day and over the weekend to see if the cards come back in stock. While writing this article, the Limited Edition model was back in stock at Newegg for just a few minutes before selling out again. If the demand is high, it’s possible additional inventory will be released throughout the day.
Although it’s impossible to say how much demand there truly is, scalpers are already capitalizing. On eBay, there are several models listed above $400, and they aren’t all the Gunnir models mentioned above. The Arc B580 is an excellent GPU, but it’s a pretty bad option at $400 or more. Scalpers are taking advantage of the glowing reviews the graphics card has received, so try to avoid these listings. Based on eBay’s sold page, it doesn’t look like anyone has fallen for them yet.
If you have a Micro Center near you, you’re in luck. Several locations have models in stock for list price, but you can only buy them in-store. Micro Center has exclusively sold graphics cards in-store for the past few years, and that usually means you can find GPUs at list price that are otherwise sold out online.
This kind of pricing is standard fare for a popular GPU launch, so don’t get too worried if you aren’t able to score a card at list price today. The pricing and stock situation can rapidly change in the days following the release of a new graphics card. Newegg and B&H Photo both offer stock notifications, so you’ll get an email whenever the GPU comes back in stock.
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eastunder
2 months ago
Intel Surges After Results Spark Optimism Over Turnaround
https://finance.yahoo.com/news/intel-surges-results-spark-optimism-201418916.html
Bloomberg
Ian King
Thu, October 31, 2024 at 4:46 PM MDT 5 min read
(Bloomberg) -- Intel Corp. gave a fourth-quarter revenue forecast slightly above estimates, sparking optimism that it’s capable of reclaiming some lost market share.
Fourth-quarter revenue will be $13.3 billion to $14.3 billion, the Santa Clara, California-based company said in a statement. That compares with the $13.6 billion analysts estimated on average. The company is projecting a profit of 12 cents a share compared with the 6 cents Wall Street projected.
The company gained 9.2% to $23.51 in extended trading, after closing at $21.52 in New York. The shares were down 57% so far this year.
Intel, once the industry leader in computer processors, is now working to preserve cash to fund a turnaround plan — one Chief Executive Officer Pat Gelsinger called the “most audacious rebuilding plan” in corporate history, in an interview with Bloomberg.
In the prior quarter, Intel cut jobs, slashed its spending and suspended investor payouts. The total headcount reduction will be 16,500. Now, Gelsinger needs to show that he can counterbalance the cash drain by generating new orders from customers.
“This was a critical period of time for the company,” Gelsinger said in the interview. “We got a lot done.”
The fall from investor favor for what was once the world’s largest chipmaker underlines a major shift in semiconductor industry in favor of artificial intelligence hardware. Companies are spending on computers built around accelerator chips for AI, an area where Intel’s offerings have barely made a dent. Instead, customers are fleeing for Nvidia Corp, fueling its massive rise.
Orders for Intel’s AI accelerator chip, Gaudi, have been weaker than projected and it won’t now reach the company’s $500 million revenue target this year, Gelsinger said on the post-earnings call with investors. Rival Advanced Micro Devices Inc. earlier this week increased its forecast for a similar product to more than $5 billion. Nvidia is on course to have revenue of more than $100 billion from its AI chip unit this year, according to analysts.
Intel’s decline in value has made it attractive to potential acquirers in various break-up scenarios, according to reporting by Bloomberg and other news organizations. Gelsinger has said some of the business units he thinks are undervalued will seek outside investors or look to sell shares to the public.
Gelsinger said he intends to keep the company together and has the support of the board for his plan. He has a “lot of energy and passion” to bring to that effort, he said.
“Obviously there’s a lot of attention on Intel which just reinforces what a central role it plays in the technology industry,” he said in the interview. “We believe distinct, but better together, is the strategy.”
The company is in negotiations with potential investors for its Altera programable chip unit. It expects to conclude that process early next year, Gelsinger said on a call with investors. Meanwhile, he’s reviewing options for similar actions for other parts of Intel’s business.
Intel’s leader was one of the chief lobbyists for the Chips and Science Act, a Biden administration industrial policy aimed at bringing back chip manufacturing to the US with tens of billions of dollars in public money support.
Gelsinger, in an interview with Bloomberg Television, said that Intel hasn’t yet received any of the funds to help with construction of new facilities in Arizona and Ohio, and criticized the speed at which support has been made available.
Still, he remains confident that, regardless of who wins the US presidential election, the initiative will continue. “The Chips Act was a bipartisan act with strong support from both sides of the aisle,” he said.
The company is also under siege in its traditional stronghold of selling processors for servers and personal computers. For decades, its superior manufacturing made its chips the market leader and locked down an improbably high market share. Since losing its lead in process technology to rival Taiwan Semiconductor Manufacturing Co., others such as Nvidia and AMD have been able to field competitive chips made by the provider of outsourced production.
Gelsinger’s expensive plans to take back leadership in that crucial area involve a new factory network that he plans to fill with orders from other chipmakers, in addition to Intel’s own designs. In the interim, Intel is facing depressed revenue and elevated costs. That’s destroyed profit margins that were once the envy of the industry.
Gross margin, or the percentage of sales remaining after deducting the cost of production, was 15% in the quarter. At its peak, Intel regularly reported gross margin of well above 60%.
In the third quarter, the company had a loss of 46 cents a share, excluding certain items, and revenue of $13.3 billion, down 6%. That quarterly sales total is its lowest for the third quarter in more than a decade but came in ahead of company projections, Gelsinger said.
Analysts had estimated a loss of 3 cents a share and sales of $13 billion. Wall Street is projecting a modest increase in overall sales this year from 2024, still leaving the company more than $20 billion below its peak in 2021.
Gelsinger remains confident that Intel is on the right track in the long run. He said Intel has paid the heavy price of catching up to the industry, and now can focus on its finances.
The chipmaker is reporting earnings for the third time under a new business structure that shows the financial performance of its manufacturing operations. Gelsinger has said the restructuring was a necessary step to make operations more efficient and competitive.
Its so-called foundry unit had sales that slipped 8% from the prior-year quarter to $4.4 billion, in line with estimates. PC chip sales were $7.3 billion, versus an estimate of $7.46 billion. It’s data center and AI chip unit gained 9% for sales of $3.3 billion, compared with an average estimate of $3.1 billion.
For the next two years, the majority of work done by Intel’s factories will come from orders from its own chip design unit. The financial benefit of outside business will start to show up in 2026, Gelsinger said.
Gelsinger emphasized on the call with investors that Intel is “far from satisfied” with where it is.
--With assistance from Ed Ludlow.
(Updates with Gelsinger comments on the Chips Act)
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