1. US Government
2. Nvidia
3. Softbank
Interesting turn of events for the company...
> 1. US Government
> 2. Nvidia
> 3. Softbank
Not quite. (1) US Govt at 9.9% (2) BlackRock at 8.4% (3) Vanguard at 8.3% (4) State Street Corp probably (5) Nvidia (6) Softbank at 2%
Otherwise these few companies are the largest holders of basically every security in existence.
> Otherwise these few companies are the largest holders of basically every security in existence.
Indeed. Due to inclusion of Intel in S&P500 index funds and ETFs.
Together, institutional investors own over 50% of Intel Corporation, giving them a significant collective influence on major board decisions. https://finance.yahoo.com/news/67-institutional-ownership-in...
A company can own lots of things (assets, IP, real estate, share of other companies), but shareholders of the company don't own or have direct access to that thing. If Intel pays dividends, it will go to Nvidia, not you. If Intel holds a shareholder vote, Nvidia leadership will be the one voting, and they don't have to listen to your opinion. They can also change or sell the holding without your permission.
If you own shares of Intel through a Vanguard fund, you do have actual ownership of Intel. You can cast a vote same as every other shareholder. The dividend they issue will be passed on to you. Vanguard is simply acting as a proxy.
So I generally think wha is more useful is saying in what particular ways “individual investor” is meant when it is used in debate, decision-making, etc.
The individual human called Citizens United is casting a side eye.
“The chips must flow…”
It seems a layer of indirection that is more harmful than useful.
We limit liability for risky ventures for a reason.
Intel needs expertise that only a few hundred people on Earth have, and most of them are in Taiwan, already working for someone else.
You don't just buy an EUV and start printing, you buy an EUV and give it to a wizard to use as a wand. Intel needs wizards.
None of this stuff is published (externally) and there are no discussion forums or stack overflows to help you either. You need to get through academia, prove yourself, and then you can start working on a chance to get access to the trade secrets that make it possible.
After all that you will be placed as a researcher on a handful of steps in the multi-thousand step process of making SOTA wafers. And probably not make crazy money, but at this point, you're not in it for the money anyway.
Edit: I see a lot of confusion on the topic. The anti trust does not need to be from US to be essentially binding, UK, EU, etc have also a de facto veto on mergers of global companies, even if those are US based, this is especially true in global sectors like semiconductors where everybody depends on everybody else from patents to machinery.
That's why, for example, any meaningful collaboration between Intel and Nvidia under this partnership has to be released in the form of an Intel product using Nvidia tech, rather than an Nvidia product using Intel tech.
https://www.tomshardware.com/pc-components/gpus/insider-says...
I wonder how AMD would have fared against Intel post-Conroe if Jensen was CEO. They were behind but still competitive until the Bulldozer flop, only recovering with Zen (and even then it took a few generations for Zen to mature).
Zen was a beast from day one. Zen 1 more or less matched Intel on single-core perf and outmatched it on multicore. Zen 1 blew Intel out of water on perf/$, so much so that the morning after booting up my Zen 1 computer, I bought as many AMD shares as I could afford.
Which is absolutely enormous, so this distinction is splitting hairs.
> The stake will make Nvidia one of Intel's largest shareholders, giving it roughly 4% of the company after new shares are issued.
Is that 4% still accurate?
I imagine it's a similar story. If Intel fails, Nvidia loses sales and this investment.
This is the reason we moved to using money instead of a barter system.
Its called the velocity of money, its a thing see: https://en.wikipedia.org/wiki/Velocity_of_money
The problem is that there is all this capital and no place to put it, so yes it seems circular, but some of that is to be expected.
As for Burry, he recently called out the changes to how the big players are amortizing their capital expenses for all these data center build outs. He is correct in calling it out, but he's getting the wrong signal from it. Mores law died a long time ago, and now were basically hitting multiple walls at the same time: Node scaling at the chip fabs, power and cooling in the data center, and just more linear growth from product (because of all three factors).
Go back to 2008 ish time period. There were a lot of data centers that hit the wall with availability of power and cooling and they were hard problems to solve then. The solution was not to upgrade rather to "build new", and were seeing a lot of the same types of issues today.
Nvidia has unmaintainable margins, the memory manufacturing side is now in on the grift too... They are sucking up the profit while they can because the dip is going to be BRUTAL (likely a boon to consumers but neither here nor there).