➀ Nvidia's stock surge due to AI dominance has created many new millionaires among employees, but they face long working hours and stressful conditions. ➁ Stock packages at Nvidia vest after four years, making it difficult for employees to enjoy their wealth immediately. ➂ Despite the stressful culture, Nvidia's CEO Jensen Huang maintains high approval ratings among employees.
Recent #tech industry news in the semiconductor industry
❶ Intel is reportedly planning to lay off thousands of employees to cut costs and fund R&D projects aimed at regaining market share. ❷ The layoffs could be announced as early as this week, according to anonymous sources. ❸ Intel's CEO, Pat Gelsinger, has been investing heavily in technology to compete with rivals like AMD and Nvidia.
1. Nvidia's stock is downgraded to a hold after a significant increase; 2. Expectations of softer guidance for the October quarter; 3. Investors advised to trim positions due to potential inventory and product transition risks.
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